A look at the XRP/USDT 1D chart shows that a breakout in XRP’s price is looming on the horizon. The token has started diverging away from the lower Bollinger Bands, a strong showcase of a momentum change. Should XRP conquer the Neutral Bollinger Bands, its potential to grow toward the $0.6 price mark will be validated.
There is confirmation of this brewing potential comeback showcased by the Moving Average Convergence Divergence (MADC) indicator. Here, the MACD line and the Signal line are on par, and a major shift could reverse the current stalemate on the market.
XRP/USDT 1D Chart via TradingViewXRP growth catalyst to watch
XRP has a couple of features that make it an excellent candidate for growth; however, it has not started wielding it properly. The coin’s utility as a payment and settlement token is the biggest fundamental that can power its growth, but the rate of expansion of this fundamental has been at a low ebb, even with Judge Analisa Torres ruling that the coin is, in itself, not an investment contract.