In terms of the top ten market capitalization crypto-currencies, few pioneers in the emerging asset class have performed as poorly as the XRP – the cryptographic token often called Ripple. Since digital assets reached their lowest levels, declines reached up to 300% in Bitcoin and Ethereum, and 600% in Litecoin. Ripple, however, offered investors a meager 45% by comparison.
Despite the relative underperformance of other assets in the cryptography market, analysts conclude that Ripple charts are the most bullish of all altcoins, especially large caps, and could offset the loss it has lost in favor of other digital assets. Analysts observe a huge "bullish pennant" on the XRP's price charts and expect a massive parabolic move that could bring Ripple's price up to $ 10 per XRP.
XRP / USD: the most bullish chart of all high capitalization cryptographic coins
The crypto bear market is dead and gone, and reborn from the ashes is the first sign of a new bull market. Bitcoin is approaching the $ 10,000 mark and the entire market of altcoins is crumbling after its long accumulation period, in anticipation of a significant increase.
Related reading | Bull market imminent? Why Investors Stack Ethereum, XRP and Litecoin
Crypto analysts have been sharing bullish pricing charts for Bitcoin for weeks, as well as other high-cap altcoins like Ethereum and Litecoin, both of which are expected to outperform Bitcoin in the coming weeks. Ethereum has gained momentum and the rise of Litecoin is fueled by the hype that preceded half the chances.
– Galaxy (@galaxyBTC) June 16, 2019
Ripple, on the other hand, has been the target of jokes on the cryptography market, until recently. Now the sentiment is changing for XPR – the native encryption token of the Ripple blockchain – and crypto analysts now say it's the most bullish of all price charts in altcoins.
More than a simple effect of training: the price of XRP increases by 2000% and the target price of $ 10
Crypto analysts have been watching closely for the formation of a "huge bullish pennant," which could be the spark that ignites the XRP rocket to new heights.
XRP $ Daily chart.
A huge bullish pennant that will take some time to play, but still optimistic. In the short term, meeting some resistance during the retrace of 78.6. A break in what could lead to a breakup of the peaks and a test of the rise to 127.2 to 0.50.#XRP #Ripple pic.twitter.com/sQ4t6j4h7D
– CryptoFibonacci (@CryptoFib) June 16, 2019
As its name indicates, a bullish pennant is a bullish continuation pattern. The current pattern was formed after a new fall on a long-term horizontal support, where a strong rebound occurred. Merchants conclude that the pennant "will take some time to unfold," but that in this case, the XRP could experience a new resistance at 50 hundredths.
XRP $ long-term forecast: $ 10
My long ripple is by far my most confident trade right now with $ ETH. This piece is going to pump hard, and anyone thinking of selling, thinking that he's going to tip over, is going to get paid.#ripple pic.twitter.com/oIuFFgG2NB
– TheWolfOfAllStreets (@ GerardWalker5) June 16, 2019
A breakout of the previous highs above 50 cents would skyrocket XRP's price toward a "long term goal" of $ 10 by the end of 2019. The high peak of the next bull race.
If the XRP price was $ 10 per 50 cents resistance, that would be a 2000% gain for the Ripple owners.
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