RATE Group | XRP Explodes to $0.30, and Analysts Think a Bigger Move is Coming
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XRP Explodes to $0.30, and Analysts Think a Bigger Move is Coming

12 Feb XRP Explodes to $0.30, and Analysts Think a Bigger Move is Coming

Posted at 17:59h in Ethereum News by

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Over the past few hours, XRP has begun to rocket higher, following in the path trailed by Ethereum — which is up over 100% in the past 60 days on the back of early-cycle buyers.

The price of the third-largest cryptocurrency by market capitalization has started to flirt with $0.30 over the past few hours, trying to stabilize this key resistance. Unfortunately for bulls, XRP has yet to establish a base of support at $0.30, though analysts say a bigger surge is on the horizon.

XRP Explodes to $0.30, and Analysts Think a Bigger Move is Coming 1

XRP Could Soon Jump Dozens of Percent Higher, Analysts Predict

Analyst Josh Olszewicz recently released an extensive video analysis on the XRP altcoin. After pointing out that the cryptocurrency has been a strict downtrend for the past few months, he pointed to a potential bull case.

This being that if XRP manages to break above $0.30, which is where the exists historical resistance according to Volume Profiles and a downtrend trend line, the cryptocurrency could rally 66% to…

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