XRP Could Skyrocket Soon – How High Can The Coin Surge?
After a year in which XRP did not make any significant moves regarding the price, 2020 seems to have a huge potential to be bullish for XRP.
You may recall that back in 2019, Ripple was slammed for the digital asset’s poor performance.
Mati Greenspan highlighted the reasons for which he believes XRP has been struggling so much during 2019 regarding the price.
He said that Ripple is to blame for XRP’s price, he blames the company’s routine sales, and these are reportedly what prevented the price from rising.
Bulls’ ability to support XRP above $0.20
The bulls’ ability to support XRP above $0.20 in the near-term is suggesting the fact that the crypto is more bullish than previously believed to be. On the other hand, some expert claims that the coin could rally as high as $0.33.
At the time of writing this article, XRP is trading in the red, just like other important coins in the market. XRP is priced above $0.21.
These days, the bulls were able to absorb enough selling pressure in order to keep BTC and more other altcoins above the key support levels. This led to the fact that a lot of investors grew increasingly bullish on the markets.
XRP could surge by 150%
Ethereumworldnews mentions Calmly, who is a famous crypto analyst on Twitter.
He explained in a tweet from earlier during the past week that he’s looking to target a potential rally that could send the digital asset up by 150% in the near-term.
— Calmly | full-time trader (@im_calmly) January 9, 2020
“$Ripple / $XRP – I’m pretty sure I’m looking to long $XRP as soon as @CryptoDonAlt gets stopped out. Let’s see how it goes,” he said while pointing to the target on the below chart.”
The online publication mentioned above notes that $0.40 may seem too optimistic for a price for XRP.
Anyway, despite the considerable market volatility, there are a lot of bullish crypto predictions these days.
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.