RATE Group | Ripple’s XRP Preparing for 30% Surge as Crypto Mounts Comeback: Analyst
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Ripple’s XRP Preparing for 30% Surge as Crypto Mounts Comeback: Analyst

19 Apr Ripple’s XRP Preparing for 30% Surge as Crypto Mounts Comeback: Analyst

Posted at 12:13h in Cryptocurrency News by

From the peak in February, XRP has fallen off by just under 50%, crushed under the pressure of a bear market across many asset classes. But, according to a number of leading cryptocurrency analysts, the third-largest cryptocurrency by market capitalization is on the verge of mounting an impressive comeback.

XRP Is Readying to Rally

Analyst LomahCrypto recently remarked that he’s currently charting a scenario in which XRP appreciates by nearly 30% in the coming two months, pointing to the $0.24 price point as a potential target for a long.

Lomah didn’t expand on why he thinks this price action will transpire, but his chart indicated that XRP printed a swing failure pattern at a key level of support, boding well for the cryptocurrency moving forward.

This comes shortly after other analysts shared similar sentiment.

Digital asset analyst Credible Crypto explained that the recent rally in the cryptocurrency market has allowed XRP’s long-term chart to print a rather positive sign:

XRP…

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