XRP (XRP) Shows A Bullish Market Signal As The One Before The 1,800% Surge Of 2017


At the moment, we all know that Ripple's XRP (XRP) digital token is not doing very well in the market, but it manages to sustain itself around the same price against the USD. Also, the crypto holds its third position in the cryptocurrency market, behind the Ethereum (ETH).

Now, according to a crypto market analyst, Crypto Michaël, XRP (XRP) seems to experience the same market signal like the one before the significant 1,800% surge that took place back in the autumn of 2017. If that were to be accurate, this bullish move from XRP's part would put an end to the underperformance the digital token had experienced since early 2018 when the crypto market witnessed the most considerable correction in history.

As Crypto Michaël reported on his Twitter page, XRP (XRP) “broke out of the major downtrend some time ago” against the US Dollar. According to the analyst, Ripple's XRP digital token might witness a surge of 150% at least.

XRP (XRP) experiences the same bullish market signal as before the 1,800% surge of 2017

“On $BTC pair – Same potential bullish divergences as September '18 & November '17. These two were good enough for 193% & 1800% movements,” Crypto Michaël said on Twitter, before adding that, “on $USD pair, [XRP (XRP)] already broke the major downtrend some time ago.”

The bullish sentiment in the XRP market comes right after the announcement coming from its creators, Ripple, according to which, Ripple Labs signed a partnership with MoneyGram, the renowned money transfer company. The deal between Ripple and MoneyGram, which will hold for at least two years, would focus on primarily employing Ripple's xRapid platform for more secure and almost immediate cross-border payments.

Judging after the Crypto Michaël's tweet, the partnership between Ripple and MoneyGram regarding xRapid, Ripple's platform that uses XRP (XRP), now started to reflect in the XRP market. At the moment of this writing, however, XRP (XRP) trades at $0.4069, decreasing by 1.56% in the last 24 hours.

Coins Mentioned

XRP

XRP

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Exchanges
Icon
CEX.IO

Read Review - Website

Icon
Coinbase

Read Review - Website

Icon
Binance

Read Review - Website

Casinos
Icon
7bitcasino

Read Review - Website

Icon
BitStarz

Read Review - Website

Icon
FortuneJack

Read Review - Website

Sportsbook
Icon
1xBit

Read Review - Website

Icon
Nitrogen Sports

Read Review - Website

Icon
SportBet.io

Read Review - Website

Trending news

Binance

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1617 Articles
7255 Followers