The ups and downs and fluctuations in the crypto-market are inevitable. Analysts are making various predictions regarding altcoins and whether they follow the path of Bitcoin or not. Ripple is considered to be the most volatile currency and speculations about the price are not easy to make.
The technical indicators are all bullish for XRP, the chart from EasyMarkets revealed the first horizontal support with fifty percent (50%) Fibonacci retracement and also more resistance can also be evident with above thirty-eight percent (38.2%) Fibonacci retracement.
The stochastic indicator also shows a bullish pattern. If this scenario prevails the XRP can easily reach a target $0.46 or even more than that.
XRP price chart indicates Golden cross, which means the breakout of resistance within a week and an abrupt surge in the price.
The price chart shows that even there would a decline in the price the support will remain intact and hold the situation well.
An ABCD pattern has been revealed; the crucial point D should be filled first in order for selling and this would be done effectively, the target $0.58 can easily be achieved.
In short, the ripple is performing well on the price chart and has maintained its position in the market. It has strived the bearish pattern of market and survived.
It has maintained the hold at $0.40 quite well and therefore, reaching a level of $0.50 is not difficult. It is high time that investors should invest in this currency and get maximum benefit.