RATE Group | Analysts Expect “Moonshot” in Ripple’s XRP as Price Retakes $0.30: Here’s Why
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Analysts Expect “Moonshot” in Ripple’s XRP as Price Retakes $0.30: Here’s Why

13 Feb Analysts Expect “Moonshot” in Ripple’s XRP as Price Retakes $0.30: Here’s Why

Posted at 01:00h in Cryptocurrency News by

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After a brutal -50% performance in 2019, XRP has bounced back to start off the new year. Since the $0.17 bottom established in December 2019, the price of the third-largest cryptocurrency has rallied by 75% to $0.30, outpacing Bitcoin’s relatively mild 60% move higher.

With XRP recently passing by the key technical and psychological resistance at $0.30, analysts say that the cryptocurrency could soon embark on a “moonshot” move that will bring prices dramatically higher than where they are now.

Related Reading: Bitcoin Could Go Vertical as Price Explodes Past Crucial Resistance at $10,000

XRP Could Soon Explode Higher, Analysts Say

Prominent cryptocurrency analyst Crypto Rand — an industry personality that sports over 200,000 followers on Twitter — noted that if XRP breaks the current price range it is trading in ($0.30 to $0.31) or so, the prices will “moonshot.”

Specifically, his chart suggested that if the price of the leading cryptocurrency makes a few daily closes…

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