Ripple Prediction: XRP’s Price Is Reportedly On Its Way To $0.4 – $0.5
The crypto market suffered a strong correction during the past few days, and despite the crypto volatility, it seems that the optimistic crypto predictions don’t stop.
Today, the coins’ prices are again up and running and the most important coins are trading in the green again.
Ripple’s XRP and more coins have been losing significant value during the past few days, due to a brief Bitcoin correction, but now we’re back on track as BTC was once more able to surpass the important psychological level of $10k.
Traders are still bullish on XRP
XRP is also trading in the green today, and at the moment of writing this article, the coin is priced at $0.295942.
These days, traders are still bullish on XRP, saying that BTC and XRP just took a break during the past few days, to rise higher later on.
XRP targets $0.4 – $0.5
The online publication UToday mentions a crypto trader known as ‘Joker’ who is bullish on Twitter on XRP.
He says that “as per the Elliot Wave theory, wave 4 on the XRP/USD pair is almost here. Wave 5, he tweets, is likely to take the XRP price up to the $0.4-$0.5 levels,” according to the online publication mentioned above.
He also said that the current reversal of the coin does not matter, even if the price hits $0.23.
#xrpusd , Wave 4 target almost here!
— JOKER (@KiaCrypto) February 16, 2020
But, this is not the case at the moment, as you can see for yourselves that the coin is once again on its way to surpass the important level of $0.3.
“#xrp at $0.33: I got too many DMs asking if they left behind! I said, wait for it! Many said It never goes below $0.3! Now, #xrp is in the buying zone! $0.23 or $0.26 or $0.28, who cares! #bought the #dip! #xrp targets $0.4 – $0.5. #educateyourself #learn #trading #xrpcommmunity” he tweeted.
Despite the huge volatility in the crypto market, analysts remain bullish for 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.