Ripple is getting popular day by day, and people are adopting this coin widely. The price of ripple has been surging for a long time on the price chart and is continue to rising.
XRP market cap value is recorded above seventeen billion dollars ($17.8bn) and stands third on cryptocurrency’s list.
In the last five days, Ripple price has fallen from $0.42 to $0.38 and the trend is going to stay bearish for now, however, the latest Ripple expansion in Brazil may affect the XRP price.
The continuous increase in the price indicates that soon, the price will reach $0.50 if the bullish trends prevail. The four coins which are surging are Bitcoin, EOS, Litecoin, and BSV, and now the price of XRP is also increasing continuously.
Excavo analysts were previously predicting that the currency may hit 0.000065 Bitcoin mark by 10th of June, however, Bitcoin took a plunge and other currencies with it.
The XRP has maintained the price at a favorable point of $0.40 for a long time. Recently, it has crossed the value of resistance and has reached to $0.48 market value. There is no breakout in the price so far, but the price is rising steadily.
In a tweet from “the Cryptomist” on June 2, 2019, it was revealed that there would be some reluctance at the point above the anticipated highest value.
Once more we are testing resistance as reach the appex of the pennant
This looks good, I can only seeing $Btc volatility disrupting this from the first target mentioned few days ago, at 51cents
— The Cryptomist (@TheCryptomist) June 2, 2019
The analysts are predicting some surge in the price of XRP as the patterns on the price chart are similar to that of patterns of 2017 when the XRP price was raised to its highest value of $3.50.
For you all that didn’t witness 2017 we hit the daily golden cross at .20 quickly over 3 weeks hit 3.50 golden cross 2019 at approx .40 a redo could mean a 7 dollar $xrp in 3 weeks with utility 10 bucks +++
— Sir Gordon Gekko (@gordongekko369) May 28, 2019
XRP is now making collaborations with Ria money transfer for cost-effective and easy money transfer across the globe. One of the stock exchanges company of Germany SWB based their exchanges (ETNs) on XRP and Litecoin to provide better security transactions.