Source: Travis Wolfe
- Possible early resolution of the SEC case and Ripple’s fair notice defense shows promising signs.
- Price has boomed even though there have been 0 major relistings.
- Significant upward trend on ProfitFarmers crypto price action scanners indicating likely price increase
Whether you are a fan or a hater, like it or not, Ripple is here to stay… Read on to see why now is the right time to invest in the OG crypto.
Since yesterday’s price status where XRPUSDT was sitting at $0.88, the price went on to hit just below $1.1! Now we’re sitting at $0.89 and with the general crypto market being down today, this is definitely not a bad price.
But what’s next for Ripple? Can we expect it to rise above $1 again?
Price could increase when XRP gets relisted
It’s uncertain whether XRP will get listed on the major exchanges again. However, if it does the price could increase since it would allow access to buy the crypto for even more retail traders.
In the case of a relisting on any major exchange, XRP price will go to new heights!
Positive upwards trend on Market Scanners
A great indication for XRP being in an upward trend can be found by looking at the market scanners on ProfitFarmers.
The green dots represent the trends in each given timeframe. As you can see on the XRPUSDT price action bars, the indicators are green in all the higher time frames (except for M5 timeframe).
The longer time frame upward trends (green dots) are solid indicators of a general upward trend.
Usually, the scanners are pretty spot on, and you can get access to them for free here.
The Price Action scanner has shown promising predictions before, and the company behind them had predicted the XRP price increase. On April 5th they published 3 trading signals for XRP. If they were right then, chances are they are right again (we hope!).
You can get free access to a limited amount of ProfitFarmers signals by signing up to their Crypto Moon Bag.
Make your own analysis and trade with caution
Of course, the price rise of XRP is a good occasion to be happy. However, it is also a strong signal to be cautious. We recommend not to make impulsive decisions but to do a thorough analysis of the current situation before entering into any trades.
Increase your chances of buying XRP at the right time by using several different indicators. A great way to diagnose if it’s a good time to make an XRP trade is to review the free price action scanner and RSI scanner on ProfitFarmers.
With rumors of Coinbase relisting Ripple and positive trend indications on the crypto scanners, XRP could increase in price.
As always, price could go up or down (surprise), and we are leaning towards
Credit: Source link