Want to be part of InvestingHaven's research team? Do you have a specific expertise that you can add to the team? Contact us to discuss. >>

Ripple Price Very Close To Mega Breakout

Ripple’s price chart looks awesome. It is very close to a mega breakout. However, investors should only get excited once a breakout is confirmed, the same goes for Ripple.

We wrote recently that Ripple’s price would be very bullish for 2018 once above 0.26 USD. And Ripple is very close to that price right now.

Ripple’s 6 month price chart (see below) makes that point though we did not add our usual annotations on this chart. A trendline could easily be drawn which would connect the peaks of June and August.

Moreover, Ripple has respected the $0.15 level. The chart shows a very solid support and that is always the basis for great future returns.

Whether “this time will be different” for Ripple, and whether this breakout attempt will be the “real deal” remains to be seen. One things is clear: Ripple is a great long term play and we it is a matter of time until it will rise again for reasons outlined in Why The Price Of Ripple Will Rise Above 0.50 USD In 2017.

Once Ripple goes above $0.26 it will probably accelerate and outpace other cryptocurrencies, according to us.

Note: Investors looking for exposure to cryptocurrencies and blockchain stocks can get help from our exclusive guide Investment Guide For The Mega Bull Market In Cryptocurrencies, Tokens, ICOs and Blockchain Stocks.

Chart courtesy: goldchartsrus.com

Our GREATEST report: How To Ride The Mega Bull Market In Blockchain And Cryptocurrencies: A Practical Guide which features 20 tips for investors looking for exposure in crypto assets. Get access now >>
Our LATEST report: China’s Stock Market Bullish. 7 High Quality Stock Tips For Long Term Portfolios. Featuring 7 high reward stocks in carefully chosen sectors. Get access now >>
SPECIAL report: Canadian Cannabis Market On Fire. Which Stocks To Buy. Featuring 5 very high reward stocks. Get access now >>  
Follow official Ethereum prices in real-time. Read daily Ethereum price news on www.ethereumprice.today  >>
Share This