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XRP is showing signs of a historical trend, is Ripple history repeating itself?

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There have been several surges and dips in the market history of Ripple (XRP), but that is expected of any cryptocurrency in the crypto market. One interesting thing to note is that even though these spikes and dips exist, they seem to be organized. Looking at XRP market chart, there is a progressive form.

Is History Repeating Itself with Ripple (XRP)?

If you are to take a look at the Ripple (XRP) market chart, you will notice that the cryptocurrency is making the same route as it did in April this year, 2018. Remember, the coin went as high as $0.9327 in April.

Ripple’s daily chart shows that XRP is building a technical pattern resembling its April 2018 performance. Although, XRP still needs to break above 200-EMA for this to be confirmed. We are still over-extended on the RSI, so it still needs to reset.

Mid May this year, XRP went low and tested the Low Moving Average; it reset the RSI and broke through it, and then, we saw a surge in its price in April. The same XRP/BTC patterned is very much alike with the one experienced in April.

Ripple began an incredible pump that started on 18th of this month and kept going until hitting a significant high at 78 cents. Since then, its price has had a rough upside trend, which then made the coin price to experience a down move again.

Also, XRP price then tanked as it lost almost 50 percent of its up move within a couple of days. Since then, the price now seems to have found support on the 50 moving average. XRP will follow this trend a little longer, then cool down and garner support and follow the same direction as it did in April this year.

As said earlier, Ripple’s surges and dips do occur in a controlled pattern, and as we already know, XRP does these parabolic movements twice a year. However, it is safe to say that probably now is the best time to buy Ripple.

Ripple’s xRapid is Going Live Next Month

Ripple has unveiled an innovative payment means, and it is expected to go live next month. It is expected that this payment means, xRapid, will help money transactions of financial businesses.

Moreover, lots of crypto enthusiasts believe that Ripple’s recent surge was due to the announcement that xRapid will go live next month. It is anticipated that when this product goes live next month, the price of XRP will surge.

I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production,” Sarbhai, Ripple’s Head of regulatory relations for Asia-Pacific and the Middle East told CNBC during an interview.

xRapid is expected to assist XRP in global transactions. It is also projected that xRapid will help in the increase of XRP value, as well as intensify Ripple’s mass adoption. It is also important to know that Coil – a technology startup company which is poised to assist content creators via Web Monetization has adopted Ripple as a means of payment. That could be a game changer as well.

At the moment, Ripple’s XRP stands at $0.544 per token, with a market capitalization of $21.7 Billion. Platforms integrated on Coil’s network include Twitch, YouTube, and Wikipedia, which means that people who use these platform can donate XRP tokens to the content providers. XRP as a source of payment on Coil’s platform might also help the price of XRP to surge.

With the launch of xRapid, will there be a Ripple’s XRP price surge making history repeat itself? Well, let’s hope and see.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Alexander Andrews on Unsplash

Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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Tron
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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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