Ripple (XRP) has already started the altcoin rally. It is a surprise considering the change in sentiment that Ripple (XRP) has magically achieved in recent weeks. As always, the Ripple team (XRP) shows a cross-section of his talent. News of partnerships with several financial institutions have sent the price to an uptrend in recent days. While some may think that it is not sustainable and that the price could fall if the Bitcoin (BTC) moves sideways, we do not think so. Bitcoin (BTC) can be expected to remain slow or crosswise throughout the period in which this altcoin rally lasts. Cryptocurrencies such as Ripple (XRP) underwent extensive corrections and has now reached historic lows against Bitcoin (BTC). Altcoins have long been on the verge of a trend reversal. Ripple's ambitious plans (XRP) and institutional interest seem to have paved the way for such an inversion.
The chart for XRP / USD on the weekly timeframe shows that Ripple (XRP) has not only successfully tested the bottom of its ascending channel, but has also completed the full extent of its correction as far as concerns technical indicators. RSI for XRP / USD was traded in a fall wedge. After about 12 months of trading in a falling wedge, the RSI has now broken up and started a new trend. Likewise, the wave trend for the chart above shows that it is right on the edge of a breakout. It has been trading in such an emerging wedge since October 2017. It seems very likely that a new trend will start by October 2018.
Ripple (XRP) is a very promising company with great potential. The people behind the project alone would be a good reason to invest in the company because they have demonstrated their expertise over and over again. However, investing in Ripple (the company) and XRP (the token) is not the same thing. This awareness has grown with time and Ripple (the company) has felt the need to tackle this problem more aggressively, which they have done successfully so far. The company has focused more on xRapid in recent months to satisfy the interest of its XRP hodlers.
Ripple (XRP) charts are as simple and clear as they arrive. In reality, little space remains for analysis. If you look at the weekly chart above for XRP / BTC, it is quite easy to see what will come next. This view is even stronger when you realize that Ripple (XRP) has always done the same thing over and over again. It would be unreasonable to assume that this time it would be different when all the indicators are the same. The graphs show that Ripple (XRP) is on the edge of a big rally, but the only question now is how much space must grow. Is Ripple's (XRP) dream of capturing the trillion dollars in the forex market just a dream or can it turn into reality?