RATE Group | Analyst Explains Why XRP Price May Soon Jump Over 100%
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Analyst Explains Why XRP Price May Soon Jump Over 100%

28 Dec Analyst Explains Why XRP Price May Soon Jump Over 100%

Posted at 03:37h in Bitcoin News by

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XRP hasn’t done too hot over the past few months, both in terms of its performance against the U.S. dollar and against Bitcoin. Even over the past year, the third-largest altcoin has collapsed by 50%, underperforming the leading cryptocurrency by a massive margin.

Despite this, an analyst is starting to believe that the price of XRP is ready to jump, looking to a historical trend that indicates that bulls are poised to take over.

Related Reading: Trader Says Preventing XRP Investments in 2019 is His Proudest Achievement

XRP Price Ready to Surge?

Analyst Michael Van De Poppe, a contributor to CoinTelegraph and a trader at the Amsterdam Stock Exchange, recently remarked that he believes XRP may be on the verge of posting 175% gains in the coming months.

The analyst posted the chart seen below, in which he notes that he believes XRP’s current price action is very similar to the bottoming pattern seen in December of 2015 and January of 2016, which was followed by a massive spike to…

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