XRP Races To $0.30 – This Resistance Level Reportedly Holds All The Risk
The crypto market seems to be looking good today, with the most important coins trading in the green.
As we reported earlier, Bitcoin is racing towards $9,500 once more after the other day, the most important coin in the crypto market began trading in the red.
XRP also made enthusiasts happy when the coin started racing since yesterday.
XRP is on a bullish move today
At the moment of writing this article, XRP is trading in the green, and the coin is racing towards $0.30.
This is an essential level of resistance, as reported by most crypto analysts.
On the other hand, as reported by the online publication the Daily Hodl, despite today’s rally, crypto strategist DonAlt tells his 127,000 followers on Twitter that XRP will still remain in a bear trend until it can break above $0.30.
“Going according to plan, I TPd early to avoid the $0.25-$0.30 resistance area which is where pretty much all of the risk is. As I stated early in the thread, $0.30 is the number to beat, until that happens all of this is a bear market retracement,” he said.
Anyway, this massive move upwards showed by XRP these days is like a breath of fresh air following the not so exciting 2019 during which the coin did not see important price movements.
As reported back then, Ripple has been accused more than once that the firm is to blame for the coin’s poor performance.
Massively bullish predictions for XRP
According to a tweet from @GalaxyBTC, XRP will say “bye-bye to 750 days of [a] bear market” and will begin to pump.
If XRP does break the line, there’s a very good chance an impressive bull run could begin sometime in the next few weeks.
Coinaspeaker analyses more reasons for which XRP’s price may head to the moon – $145 level was mentioned.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
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.