Crypto Trader on Ripple's XRP Price Action: "Patiently Waiting for That +30 Percent Daily Candle"

Libra Coin News
Wed, 10/09/2019 - 14:50
Alex Dovbnya
Ripple's XRP is on the verge of a massive breakout that could propel its price to new yearly highs
Cover image via www.123rf.com

Cryptocurrency trader "Galaxy" says that he's "patiently" waiting for Ripple's XRP to print a massive 30 percent candle on its daily chart. 

At press time, the XRP token is changing hands at $0.283 with a solid 4.46 percent gain over the last 24 hours. The third biggest coin by market cap has now fully recovered after nosediving on Sept. 24 to the $0.23 level, which was its lowest point since November 2017.  

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XRP was one of the best-performing digital assets during the big crypto bubble of December 2017 with its price surging from $0.22 to $3.30 (its current ATH) in less than a month. 

As reported by U.Today, "Galaxy" tweeted that the token's price could gain up to 4,600 percent after recording a bullish MACD crossover on the weekly chart. Even commodity trading vet Peter Brandt caved in to the bullish sentiment surrounding XRP, claiming that it was bottoming against Bitcoin. 

 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.