Ripple’s XRP To See A Bullish Price Trend
XRP is currently trading in a neutral zone following recent market price drops.
As you know by now, during the past week, Bitcoin experienced a massive fall in price by about 60% and more analysts believe that an important part was played by the coronavirus pandemic which has been crashing markets all over the world.
Fear and uncertainty linger in people’s minds regarding both fiat and digital assets.
At the moment of writing this article, XRP us trading in the green just like more important digital assets out there.
The coin is priced above $0.16.
XRP price prediction for 2020
Smartereum writes that the prediction for 2020 is that if sellers push lower, the very first major support level is situated at $0.14.
“Below this level, major support is projected at $0.127m $0.12, $0.1116, and $0.10. XRP Aiming For the $0.16 Level amidst General Sell-Off and High Volatility,” Smartereum writes.
The same online publication writes that the first significant resistance is located at $0.166, which is the bearish .236 Fib Retracement level.
They also made sure to highlight the fact that above this level, “resistance is at $0.183, $0.20, which is .382 Fib Retracement level, $0.22, and $0.299, which is the .5 Fib Retracement level.”
The same online publication mentions the fact that XRP is the least affected token among the first three digital assets.
They continue and recall the price movements that XRP saw during the past week, and you should head over to the original article, in order to check out more info.
An optimistic prediction is that XRP has all that it takes to reach $0.20 sooner rather than later.
More optimistic XRP price prediction
There are also other, more optimistic predictions about the price of Ripple’s digital asset as well. For instance, one of them claims that XRP could be reaching $1 ahead of Easter.
We’ll just have to wait and see where the market is going these days during the global crisis in the middle of which we are at the moment.
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.