Ripple Prediction: XRP To Outpace Bitcoin – Strong Rally Ahead
The crypto market is looking pretty good today, and this whole week has been great so far.
Bitcoin was trading in the green until a few minutes but now, the most important coin is trading in the red.
Over the past weeks, Bitcoin has been the main focus of the crypto market.
XRP could embrace a strong rally soon
It‘s been reported that two crypto analysts believe that XRP could soon see a boost in price.
The experts are citing technical factors that are suggesting the fact that this upside is imminent.
NewsBTC notes that on March 31st, Luke Martin crypto trader who has been featured on CNN posted a chart which shows that he expects XRP to appreciate strongly against Bitcoin in the upcoming weeks.
— Luke Martin (@VentureCoinist) March 31, 2020
This chart shows that XRP will rebound off the lower level of a long-term range against BTC. XRP is set to go well with the bullish narrative of the crypto market.
The online publication NewsBTC mentions that Michael Van De Poppe who is a trader at the Amsterdam Stock Exchange and contributor to CoinTelegraph shared the very same vision via an analysis.
He posted the chart that you’ll see below which is showing that XRP/BTC holding an important level of support.
We recommend that you check out the original article for more data.
At the moment of writing this article, XRP is trading in the green and Ripple’s digital asset is priced at $0.198824.
The coin is expected to suppress $0.20 soon.
Ripple was in the news lately when it’s been revealed that Chris Larsen got well, and he’s completely cured after being diagnosed with the novel coronavirus.
Larsen co-founded Ripple in 2012 and now fulfils the role of Executive Chairman. A long-standing advocate for financial privacy and education, Larsen and the Ripple Foundation gifted $25 million to San Francisco State University in April 2019.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.