Cryptocurrency NewsGlobal Crypto NewsLatest NewsRipple News

Ripple Prediction: Where Can XRP’s Price Go? XRP To Move 50%

There are various bullish predicitons amidst the massive volatility that we can see in the crypto space these days. Check out the latest reports about the price of Ripple’s XRP and find out where the coin can go.

XRP could move 50%

The crypto analyst who accurately predicted Bitcoin’s (BTC) crash this year says XRP is likely due for an over 50% decline, according to the latest predictions revealed by the online publication the Daily Hodl.

The pseudonymous analyst known in the industry as Capo said not too long ago that open-source digital currency XRP remains in a downtrend despite its recent rally.

According to a chart shared by Capo, XRP seems to be poised to plunge to its high timeframe support at $0.20.

“XRP.”

XRP whales are in accumulation mode

XRP is outperforming Bitcoin (BTC) as the upward trajectory of coin continues, according to crypto analytics firm Santiment.

Santiment made sure to say that the XRP/BTC pair has hit a price last reached in September of 2021 as crypto sharks and whales accumulate XRP.

Santiment says that the surge in the price of XRP is driven by hopes of a potential settlement in the lawsuit the U.S. Securities and Exchange Commission (SEC) lodged against Ripple in December 2020.

“The price ratio of XRP/BTC has hit a one-year high of 0.000025 BTC [$0.48] on the continued optimism of a potential settlement of Ripple with the SEC. Active shark and whale addresses holding one million to ten million XRP have been in an accumulation pattern since late 2020.”

Regarding the wider crypto market, Santiment says that large holders of the Tether (USDT) stablecoin are adding to their digital asset holdings following the downturn earlier this year.

“As crypto remains volatile as equities brace for further rate hikes, buying power is picking up gradually among large USDT addresses. $100,000 to $10 million valued addresses have added 4.03% more to their bags in the past seven weeks, 1.12% of the total supply.”

Related posts
Cryptocurrency NewsGlobal Crypto NewsLatest NewsLitecoin NewsRipple News

XRP And Litecoin New Predictions Are Out

Cryptocurrency NewsGlobal Crypto NewsLatest NewsRipple News

Ripple FTW: Former Goldman Sachs Exec Raoul Pal Is Bullish On XRP

Cryptocurrency NewsGlobal Crypto NewsLatest NewsRipple News

Bank Of America To Team Up With Ripple To Use ODL Services

Cryptocurrency NewsGlobal Crypto NewsLatest News

Coinbase Files Support Of Ripple Labs In XRP Lawsuit

>
Send this to a friend