0
📰 News

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

  • 📰 News

    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.  

👉MUST READ

Chainlink (LINK) About to Surpass Tron (TRX) After Another Price Explosion

Chainlink (LINK) About to Surpass Tron (TRX) After Another Price Explosion

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. 

 

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

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.

This block is broken or missing. You may be missing content or you might need to enable the original module.
Recommended articles
0
📰 News

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • 📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

👉MUST READ

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

Subscribe to News.U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

This block is broken or missing. You may be missing content or you might need to enable the original module.
Recommended articles