XRP Price Shows Signs Of Strength With $0.30 As Its First Target – Extended Prediction At $0.49

XRP has been pumping along with the other coins in the crypto market. Today, the market looks pretty bloody with all the important coins trading in the red.

This comes after a really exciting rally that took place during the past week and boosted the price of Bitcoin above $9,100.

The crypto market rallied a few days ago, and now things seem to be cooling down a bit.

XRP in the crypto market

uToday brings up the crypto trader Galaxy, who shares his impressions of recent XRP behavior, saying that the coin is showing some signs of strength.

In order to start heading for its first target in the chain of price rises, it will need yo break the psychological level of $0.25

Here’s the analyst’s tweet below:

Some Twitter users said that his predictions are too conservative, but others claimed that they are actually too bold and XRP is just like any other cryptos.

The online publication also mentions the fact that twitter user Joker posted a monthly XRP chart and said that the coin is forming a bullish flag.

An extended prediction of Joker’s for XRP is $0.49.

Use XRP on Amazon soon

In other XRP-related news, earlier today, we reported that It’s been just revealed that the crypto payments service BitPay launched new support for XRP.

BitPay co-founder Tony Gallippi confirmed that users would soon be able to buy first cards with XRP starting this week.

People will be able to spend their crypto at a long list of important retailers, including Amazon, Burger King, DoorDash, Domino’s, and more important retailers.

BitPay director of product, Sean Rolland, says the speed and scalability of XRP set it apart from most crypto assets on the market.

“BitPay customers are leveraging the promise of blockchain payment technology and with XRP can offer a payment option that is fast, cost-effective, and scalable,” he said.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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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.

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