XRP Can Hit A New All-Time High In 2020 – $145 Is Reportedly A Viable Possibility
In 2019, XRP didn’t enjoy too many price moves, as you probably know by now. Ripple was blamed for the poor price performance of XRP last year, but Brad Garlinghouse made it clear more than once that this has nothing to do with the company.
But on the other hand, it seems that 2020 might be a better year for XRP as the lengthy bear market that lasted for 750 days might be about to end.
An impressive bull run could come for XRP
At the moment, XRP is trading in the red, and the coin is still priced above $0.25 now.
We reported the other day that XRP managed to surpass this important level, and experts are saying that the coin is now targeting $0.30.
There seems to be a general market increase, and XRP might not be too different from other cryptos.
According to a tweet from @GalaxyBTC, XRP will say “bye-bye to 750 days of [a] bear market” and will begin to pump.
If XRP does break the line, there’s a very good chance an impressive bull run could begin sometime in the next few weeks.
Time to say bye-bye to 750 days of bear market.
— Galaxy (@galaxyBTC) February 2, 2020
XRP could hit $145
Coinaspeaker analyses more reasons for which XRP’s price may head to the moon.
The online publication notes that “in addition to MoneyGram, Ripple has partnered with many more financial services firms including TransferGo, Interbank, SendFriend, Mercury FX, TranspayGo, Euro Exim Bank, and others.”
They suggest that all of these institutions which are included in RippleNet will boost XRP.
This is why some analysts are so bullish these days regarding the price of XRP and some of them even point out to a $145 prediction for XRP in 2020.
We recommend that you head over to the original article and check out all their arguments to support this claim.
As you can see, despite the volatility of the crypto market, optimistic predictions continue.
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
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.