#XRP

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𝙓𝙍𝙋 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣: 𝘼𝙣𝙖𝙡𝙮𝙨𝙩 𝙎𝙥𝙤𝙩𝙨 2017 𝙎𝙚𝙩𝙪𝙥 𝙤𝙣 𝙓𝙍𝙋 𝘾𝙝𝙖𝙧𝙩 – 𝙉𝙚𝙬 𝘼𝙡𝙡-𝙏𝙞𝙢𝙚 𝙃𝙞𝙜𝙝 𝘾𝙤𝙪𝙡𝙙 𝘽𝙚 𝘿𝙖𝙮𝙨 𝘼𝙬𝙖𝙮

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 alt’s fundamentals and Ripple’s growth this year, there’s every chance that it could hit a new ATH by the winter.

This week, the aforementioned Charting Guy posted a chart which superimposed XRP’s 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 September’s rebound).

As such, Charting Guy’s parallels aren’t 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