XRP Could Surge Above $0.25 For These Reasons
At the moment of writing this article, XRP is trading in the red just like most other digital assets, and the coin is priced at $0.241119.
NewsBTC.com notes various reasons for which the coin will definitely surge above $0.25 soon.
XRP to hit $0.25
The online publication mentioned above notes that XRP is recovering above the $0.2450 resistance against the US Dollar.
“The current technical structure suggests XRP price is likely to surge above $0.2500 and $0.2550,” they note.
They also note that XRP is slowly but surely gaining bullish momentum.
The price is trading very close to the $0.2500 resistance, but it is above the 100 hourly simple moving average.
“There is a key bullish trend line forming with support near $0.2470 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate higher if it clears the $0.2500 and $0.2550 resistance levels,” according to the online publication.
We recommend that you check out the original article in order to find out more technical data about the price of XRP.
XRP in the news
Ripple and XRP have been making headlines a lot lately.
According to recent reports coming from the online publication the Daily Hodl, the popular crypto investor known in the industry as CryptoWhale believes that XRP eventually will wipe out nearly every other altcoin.
Many criticize XRP for being “too centralized”, although this transparency is what governments like.
While other projects are focused on getting a quick batch of new investors to exit scam, Ripple has quietly been working with government agencies to ensure compliance.
— CryptoWhale (@CryptoWhale) September 8, 2020
“Once Bitcoin and Alts have finalized their correction, I’m planning on increasing my exposure to XRP. I’ve been involved with XRP since 2013, and let me tell you. There’s a reason it’s always held its spot in the top 3-5.”
You should head over to Twitter and check out the complete thread that he posted.
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.