RATE Group | XRP Could See 50% Surge If Current Range Holds: Analyst
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XRP Could See 50% Surge If Current Range Holds: Analyst

06 Nov XRP Could See 50% Surge If Current Range Holds: Analyst

Posted at 19:53h in Ethereum News by

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XRP Price Strength Builds

XRP hasn’t done too well in 2019. In the third quarter of this year, the cryptocurrency tanked from $0.40 to $0.25 from the start of July to the end of September. This represents a 35% drop against the U.S. dollar over the course of three months.

Prices have since recovered slightly, with the third-largest cryptocurrency pressing higher to $0.292 as of the time of writing this article. And according to Eric Choe, a trader with over 100,000 followers on Twitter, this trend of recovery may continue. He remarked in a recent Twitter post that if XRP manages to hold above the red resistance box that spans $0.245 and $0.284, he would be inclined to suggest that the cryptocurrency will make a move to $0.45 — some 50% higher than current prices — by the middle of 2020.

As reported by Ethereum World News previously, this is far…

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