XRP Price Prediction: Weiss Ratings Forecasts A Bullish Move
Ripple and XRP have been making headlines recently a lot with various achievements, including new partnerships and enhanced adoption of Ripple’s products and XRP as well.
More crypto experts have been explaining that after XRP breaks the $0.5 resistance, the coin will continue to surge.
Some predictions are even claiming that soon we’ll witness XRP hitting $3.3.
XRP is ready for a surge, says Weiss Ratings
According to recent reports coming from Smartereum, Weiss Ratings says that “the price of XRP signaled a breakout on May 14. This, in their view, could mean the major digital asset will have enough momentum, which will see it mount a serious price push if it can succeed in breaking the $0.48 position.”
Weiss Ratings tweeted the message, and they also said that XRP might be on its way to start a “serious pump,” which is about to begin.
— Weiss Crypto Ratings (@WeissCrypto) May 28, 2019
Smartereum continued and detailed the fact that the main reason for a surge in XRP’s price is that the coin is in an upward trend and its price doesn’t depend so much on where Bitcoin is heading in the charts.
Weiss Ratings also made a comparison between XRP and BTC.
#XRP vs #BTC. Why not both? They’re not mutually exclusive – BTC is an excellent store of value, and XRP is an excellent payment network. They complement each other, and it is how XRP creators envisioned it. #Bitcoin #altcoins #crypto #cryptocurrency
— Weiss Crypto Ratings (@WeissCrypto) May 29, 2019
Someone commented “Something with this volatility is not a store of value, it is a speculative asset. Anyone who thinks that Bitcoin is a store of value in its current state is either uninformed or a just biased … or both.”
XRP NEO Twitter user said that the “Truth is, we just have to pretend Bitcoin is a store of value until XRP has enough fiat liquidity to decouple. Then the truth can be revealed… that BTC has no use case, in reality.”
XRP adoption increases
In other news, XRP adoption is highly supported by XRPL Labs and Wietse Wind these days. He recently revealed the Xign mobile app.
The application will be a fully-fledged mobile banking platform that will allow users to hold and spend, US dollars, euros, XRP, and other digital assets without having to rely on any financial institution.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.