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Ripple (XRP) has climbed aggressively in recent days, despite the rallies being overly extensive. Price action now points to a fractal resemblance that indicates that Ripple (XRP) may be due to an explosive explosion at the start of 2019. If we compare both fractals on the XRP / USD weekly chart, we can see that Ripple (XRP) is about to enter the triangular part of the fractal, bursting of that will open the way to Ripple (XRP) to reach a new historical maximum. The same can not be said for most cryptocurrencies. Bitcoin (BTC) is also likely to recover during 2019, but has a very small chance of overcoming its previous ATH in 2019. However, if Ripple (XRP) were to exceed its previous ATH the following year, it would be surprising at all.
The weekly chart for XRP / USD shows that the price has now found support on a trend line that runs until July 2018. Just as in November 2017, XRP / USD is once again close to the EMA EMA of 21 weeks. We have seen in the past that whenever Ripple (XRP) exceeds EMA 21 weeks after a long correction, the price skyrockets in a few weeks. Previously, this happened towards the end of November, when Ripple (XRP) formed four long candles in succession that brought the price to a new historical maximum. That's why so many Ripple investors (XRPs) are hodlers. You may be waiting a long time before the price recovers, but the rally is going to happen in a few weeks. The rest of the year will be all correction. We have seen it happen many times with XRP / USD.
Chart for XRP / BTC (1W)
Given the future prospects of Ripple (XRP) in light of recent developments, it is even more sensible to be optimistic about this cryptocurrency now more than ever. Ripple (XRP) is sending a clear message across the financial world that has what it takes to sell the strongest hits in the industry. This is more true today as Ripple (XRP) has a lot of powerful partners on his side. If a country declares XRP as legal tender, I would not be surprised first. Between the decentralization revolution and the struggle to maintain the status quo, most financial institutions see Ripple (XRP) as their only option. We can see the shift towards decentralization all over the world.
People are starting to question the influence of Google and Facebook. It is only a matter of time before they turn to cryptocurrencies like Bitcoin (BTC) to cut the average man. The main financial institutions that have been here for centuries have seen every kind of thing come and go, but this is different. This here is an attempt to take over their business. They are not going to give up without a fight. Right now, Ripple (XRP) is offering them ammunition to fight. Ripple (XRP) may not be a permanent solution to our banking problems, but at the moment it is a very effective solution, which will make waves in the financial sector in the months and years to come.
