Ripple’s XRP token has ostensibly made a great rally on the upside trend against the bearish forces of the market, while Bitcoin and most altcoins continues to remain subjective to sovereignty of the bear.
As XRP pushes higher, setting new higher highs with over 5% added value at press time, a popular cryptocurrency analyst on TradingView with pseudo name CryptoManiac101, asserted that signals from the fractal forming new higher high shows a breakout for the crypto coin by the end of the year.
The analyst said even though no fractal is sure of repeating itself in the future, XRP’s trend in 2017 and 2019 is very identical with the same move at almost the same time frame.
At press time XRP is the only profitable coin on the market in the last 24 hours. After proper observation of the 2017 and 2019 trend of the token, the analyst said 7 of the 8 movements displayed by XRP during the 2017 accumulation / breakout phase has been achieved by the present fractal of the remittance guru token.
CryptoManiac101 furthered that theoretically, the outcome of the next move should be an abrupt green candle.
Although, the fractal might witnessed a slight delay due to the volatile situation of the market, but if all situation remains unchanged, XRP will witness green candle in this quarter (Q3).
Mulling over the chart captioned by the analyst, the 8th move will be a major breakout, and this would be happening in the 4h quarter of the 2019.
The 2017 breakout phase was featured by XRP trend to the 8th points as captioned by the analysts. Then XRP went from $0.0050 to $0.3 price rate per unit coin, 5900% growth.
If XRP fractal witnesses the same breakout like that of 2017, each unit of the token would be valued $16.52 after the breakout.