XRP To Triple in Price. After XRP surged to the $3.50 level in 2018, the token started to decline along with the rest of the cryptocurrency market. However, everyone knows that XRP was one of the worst-performing tokens.
Things have started taking a turn for the better and a consistent surge in the price of the token might allow XRP to triple in value. The surge in the price of XRP is incredible because it is rising independently. While Bitcoin’s surge prompted the surge in XRP, XRP continued to move higher even when Bitcoin was bleeding out on Saturday. Every other token was correcting lower against the USD but XRP maintained the bullish momentum.
According to a popular cryptocurrency trader called Pentoshi, XRP has what it takes to move to hit $1.00 if the bulls maintain the momentum. In his words; “A real chance at this being a macro reversal long term targets can be .93-$1.09. Close this 1W over 33c and you have your first macro HH in almost 1000 days signaling long term bullish.”
While Pentoshi and many other analysts believe that the XRP token will keep surging, some believe a retracement is inevitable. Pentoshi also stated that there is still a chance that the price of XRP will retrace significantly soon.
The analyst said that XRP might experience a bearish retest that might lead to a 55% drop in price. At the time of writing, the price of the token was $0.308996. It is up by 2.86% against the USD and up by 1.97% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $3,233,548,021 Ns the market capitalization was $13,862,389,893. The next few days of trading will determine if the price of the token will surge or drop against the USD.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.
- XRP’s Price Has Been on Virtual Fire, Rising by More Than 40% Against the USD in 7 Days
- Analyst Predicates That XRP Will Triple in Price Soon
Ripple XRP has surprised the entire cryptocurrency community with its latest bull rally. In just seven days, the token has gained more than 40% against the USD. The spike in the price of XRP comes after months of struggling against the USD and Bitcoin BTC. In the last ten days, XRP has been the best performing cryptocurrency.
For a token that has been among the worst-performing tokens for years, it’s no surprise that the surge in price has led to an increase in investor interest in XRP. XRP might be far from its all-time high of $3.50 which it achieved during the Bitcoin bull run of 2017/2018.
A cryptocurrency analyst on NewsBtc has predicted that the price of XRP has what it takes to triple in price soon.