Trader Analyzes How Ripple’s XRP Price Could Hit $8 If This Trend Breaks

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Trader Analyzes How Ripple's XRP Price Could Hit $8 If This Trend Breaks
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In a recent tweet on the 17th of October 2019, an avid cryptocurrency trader shares his opinion about Ripple’s XRP. According to him, XRP could hit $8 per coin if the price breaks forth to the upside of its current trading triangle.

XRP Could Soon Soar

An avid cryptocurrency trader by the username @XRPMOONSHINE, known for his analysis on XRP, shared his thoughts about the coin in the early hours of Wednesday. According to his point of view, XRP, which has been trading within a triangle for some time, could see an imminent breakout.

He further proceeded to predict a price of $8 if price breaks to the upside of the triangle. His opinion is based upon on a weekly chart he shared – a view of price movement between 2016 till date.

Twitter Lightens Up

His tweet seems to have brought back lost hope in the cryptocurrency for its holders, as a lot of people seem to agree with his view — also, there were those who think this feat would be difficult to attain.

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Alex Cobb, one of many who commented, threw an important question to the floor, asking if the Brad Garlinghouse-led Ripple Inc. could make immense positive announcements that could help boost the growth of XRP.

What Are Up Ripple’s Sleeves?

Ripple and its cryptocurrency, the XRP, have received a lot of attention lately. This is due to various partnerships and acquisitions the company behind XRP has made.

That’s not all; the community awaits MoneyGram’s announcement at the SWELL 2019 conference. As announced by Ripple, MoneyGram’s CEO, Alexander Holmes, will share his experience about how Ripple’s product, the xRapid, has transformed the financial giant and what lies ahead for the future of cross-border payments.

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