The market trend is quite baffling for altcoins. Despite the fact that Bitcoin is rising up constantly and it has helped the total market cap of the ecosystem rise above $300 billion, coins like XRP are still hesitant in their drift towards the ceiling as they continue to lag behind greatly.

Analysts have even proclaimed that with the way altcoins are dawdling, Ethereum will have to reach $750 before it can catch up with the leading coin, Bitcoin.

Nevertheless, traders and enthusiasts of XRP continue to display strong believe as chartist in the space back their feelings with realistic favorable prediction.

Although, XRP is yet to be blossoming high in the market like Bitcoin, but an analyst on Trading View claimed XRP is already consolidating at new levels.

Known as IgorPorokh on Trading View, the analyst said XRP is now consolidating at $0.45 – $0.46 and it is breaking the ascending triangle.

However, XRP has made further push up, trading for $0.47 as at press time.

Ripple’s XRP Breakout Confirmed, is $1 Achievable before Year End?

Ripple’s XRP is gradually moving up the ladder. Some are skeptical about the heftiness of its growth, but the native token of the remittance guru technology Ripple has got more than enough jokers to towboat its price higher than expected.

Mark Douglas, known as VaidoVeek on Trading View, in a chart revealed that XRP price has made a breakout and it has been established “after a Daily candle close inside the green.”

Douglas added that XRP has broken above the light blue trendline formed since April 2018 when XRP and other coins were in dip. A break above the triangle formed from May peak value has also been found in the chart displayed by Douglas, and this represents a short-term counter trendline.

The previously worked resistance level – $0.466 (orange price zone) has also been broken, and ‘Golden Cross between 100 & 200 EMA’s on the Daily timeframe’ has also prevailed.

With the chart, Douglas proclaimed that a beautiful breakout should be seen if the candle remains like it is at the time of creating the chart.

The analyst said we need to wait for the day’s (24th of June) candle to close as it is or on higher levels to determine if the trade is valid and hence expect XRP to climb into the higher levels.

“Do the best you can to pay yourself at reasonable profit levels when the market makes the money available,” Douglas ended.

With MoneyGram purchase and increasing collaboration with a number of top banks, coupled with the fact that XRP has broken above the ascending triangle and the daily candle is on higher levels, greater growth is envisioned for the crypto asset.

As XRP continues to trade higher on the upside trend of the market with a steady but slow pace which traders analytically foresee will increase. The altcoin may be on its way to $1+ by year end.