Ripple Dilemma: XRP Moonshot Vs. Extreme Caution – XRP Races To $0.34

XRP has been doing great in 2020 after a 2019 in which the price of this coin did not see any exciting moves.

Ripple was blamed for the poor performance of XRP last year, but now the XRP army of fans and Ripple enthusiasts are celebrating a race in the coin’s price.

There’s a trio of popular crypto analysts who are reportedly examining the current stated of XRP.

The crypto surged a lot during the past few days, and it was even able to surpass $0.33.

At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.337730.

It’s been revealed by the online publication the Daily Hodl that if XRP is able to remain above the $0.30 mark, trader Crypto Rand says he expects a moonshot.

Someone responded to this tweet with the following: “.30 to .48 is hardly a moonshot. People throwing that term out a bit loosely these days. Moonshot would be to ATH really. Or a try at moon shoot would be $1.”

Fellow analyst The Cryptomist seems to feel the same and he highlighted the same levels of resistance ahead.

The 31 cents level of resistance has been broken and the next one is 35.

“Just a matter of time till this takes off. Breaking resistance, need a daily close above: 31 cents, 35 cents and 38 cents are the next resistances.”

The same online publicaiton mentioned above said that Luke Martin of Venture Coinist says XRP appears to be lagging behind the crypto market:

“XRP should be around 30% higher. Every other major altcoin has reached the neckline. Most already had their breakout. Why? Groups of alts move together. Example: large-cap alts move together, just on slightly different timelines. I try to identify the macro structure, and then pick the most attractive of the group….the lagger.”

On the other hand, Josh Rager is issuing a big warning for Bitcoin (BTC), XRP, and altcoin traders.

He said that after BTC reached $13k before, everything went downhill.

We recommend that you check out the Daily Hodl’s original article to see more predictions.


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