RATE Group | Here’s Why a Top Analyst Thinks XRP Is Ready to Surge 20%
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Here’s Why a Top Analyst Thinks XRP Is Ready to Surge 20%

23 Jan Here’s Why a Top Analyst Thinks XRP Is Ready to Surge 20%

Posted at 01:10h in Ethereum News by

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XRP Preparing to Rally Higher

XRP really hasn’t done well over the past 12 months, actually posting a negative return of around -50% in 2019 in a year when Bitcoin gained 95% in and of itself and assets across the board exploded higher.

The bulls are purportedly about to push the third-largest cryptocurrency higher. Trader Galaxy noted that XRP is “looking ready” to rally 20% or so higher towards $0.28, drawing attention to the existence of a clear uptrend and the fact that the asset has flipped a number of key resistances into supports, boding well for the bullish case.

Galaxy isn’t the only bull.

Analyst CryptoWolf recently noted that per his earlier analysis, XRP has finally started to decisively break out of a falling wedge pattern that has constrained price action for the past seven months. The cryptocurrency has also surmounted a key horizontal…

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