#XRP
Trade now ๐๐๐โคโคโค๐ฏ๐คฉ๐ฏ๐คฉ๐คฉ๐๐
๐๐๐ ๐๐ง๐๐๐ ๐๐ง๐๐๐๐๐ฉ๐๐ค๐ฃ: ๐ผ๐ฃ๐๐ก๐ฎ๐จ๐ฉ ๐๐ฅ๐ค๐ฉ๐จ 2017 ๐๐๐ฉ๐ช๐ฅ ๐ค๐ฃ ๐๐๐ ๐พ๐๐๐ง๐ฉ โ ๐๐๐ฌ ๐ผ๐ก๐ก-๐๐๐ข๐ ๐๐๐๐ ๐พ๐ค๐ช๐ก๐ ๐ฝ๐ ๐ฟ๐๐ฎ๐จ ๐ผ๐ฌ๐๐ฎ
The XRP price has bounced by 2.5% in the past 24 hours, rising to $2.34 as the crypto market as a whole drops by the same percentage today.
XRP is now up by 6.5% in the past week and by 7% in the past fortnight, with the altcoin also sitting on a 435% increase over the last 12 months.
This was when XRP reached a record high of $3.40, and given the altโs fundamentals and Rippleโs growth this year, thereโs every chance that it could hit a new ATH by the winter.
This week, the aforementioned Charting Guy posted a chart which superimposed XRPโs 2017/18 price action onto its performance over the previous year.
The overlap is considerable, with the recent highs in December and January lining up with the highs in December 2017 and January 2018.
And while XRP did recover in September 2018, we should note that the chart above is for XRP-Bitcoin, and not for XRP-USD (which witnessed continued declines after Septemberโs rebound).
As such, Charting Guyโs parallels arenโt perhaps helpful for the present day, which differs from 2018 in that cryptocurrency adoption has increased considerably.
Perhaps most notably, it has broken through the pennant its highs and lows had formed over the past six months or so, a sign that it may now be pushing on to a new, higher level.
We also see its RSI (yellow) climbing to 60 and moving upwards, while its MACD (orange, blue) has just turned positive for the first time since late May.
These are all positive signs, and they suggest that the XRP price could hit $2.50 again in the next few weeks, before plowing on to $3 by Q4.
And if the final quarter of the year does witness XRP ETF approvals, then the coin could pass $3.50