RATE Group | XRP Price Rockets to $0.27, And Analysts are Sure More May Come
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XRP Price Rockets to $0.27, And Analysts are Sure More May Come

04 Feb XRP Price Rockets to $0.27, And Analysts are Sure More May Come

Posted at 20:23h in Cryptocurrency News by

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XRP has finally started to break higher after consolidating around $0.25 for a day or two, rallying over 7% to $0.27 just minutes ago as of the time of writing this. This is the highest price the cryptocurrency has traded at in literal months.

XRP’s breakout notably comes as Bitcoin, Ethereum, and other leading cryptocurrencies have stagnated.

XRP Price Rockets to $0.27, And Analysts are Sure More May Come 1

While this price point has yet to be sustained for days, this surge may be a precursor to an even larger move higher, some analysts have said.

XRP Price Could Soon Move Even Higher

Near the end of January, Ethereum World News covered analysis from crypto trader CJ, who noted in a number of charts that XRP’s recent price action is eerily reminiscent to that of altcoins Bitcoin Cash and Bitcoin Satoshi’s Vision prior to their latest breakouts. More specifically, he pointed out that like the Bitcoin forks prior to their rallies, the price of XRP is consolidating under a range equilibrium price point.

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