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XRP is showing signs of a historical trend, is Ripple history repeating itself? - Global Coin Report
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XRP is showing signs of a historical trend, is Ripple history repeating itself?

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Ripple XRP
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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

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Top 4 Cryptocurrencies to Bet on in 2019

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top 4 cryptocurrencies
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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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Luxcore
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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP
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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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