XRP Is Reportedly Poised For A Rally
There have been a lot of optimistic predictions regarding the prices for the digital assets lately, and XRP is not an exception.
Since the bulls came back to the crypto market during the past week for more reasons, more crypto analysts have been addressing some positive forecasts.
XRP is reportedly poised for a rally
Crypto analyst Joe Saz said that despite the skepticism that he feels towards Ripple and XRP. He also believes that XRP is poised for a rally.
During a new interview with BlockTV Saz said that Bitcoin and the crypto market, in general, is in overdrive at the moment.
“It’s undeniable that there’s definitely demand for crypto right now. Outside of Bitcoin, inside of Bitcoin – whatever. It doesn’t matter. There’s demand for crypto.”
He continued and said that XRP now looks ready for a breakout.
“As much as I’m the first to admit I don’t like the asset, I’m always curious how it’s performing. Because technical analysis is more about understanding the psychology of humans and their buying and selling behaviors…”
We recommend that you check out the video above in order to learn more about what he had to say.
At the moment of writing this article, XRP is trading in the red and the digital asset is priced at $0.291351.
XRP will surge by 55%
Another optimistic prediction regarding the price of XRP comes from Peter Brandt.
He believes XRP may have already hit a bottom after it formed a diamond pattern – a formation that traders are looking for when they want to identify potential reversals.
“The diamond pattern has always been a top pattern among traditional markets. I suppose pattern might work for a bottom in crypto markets,” he said.
He continued and explained that if XRP can close above $0.3038, a 55% surge may be on its way to the crypto market.
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.