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XRP Price Massive Surge Points Out ‘A Mega-Bull Rally’

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Highlights

    XRP price rebounds well and consolidates to gain a strong momentum to rally upwards very soon

    The losing effectiveness of SEC’s filing may uphold the surge and a huge spike is also approaching in the coming days

Ripple’s XRP Strikes Back

XRP price bounced back since the early trading hours with the intensifying of the ‘Relist XRP’ campaign. Further, the price gained huge bullish momentum and gained nearly 15% in just a couple of hours at the press time. The continued pace may also lead the price to surpass the yearly highs around $0.6 too.

The price at the press time is attempting very hard to smash $0.6 levels and steadily heading without huge corrections. Continuing the current trend, the price may also surge further to the target set at $1.4 as predicted by an analyst.

As per the analysts, once the XRP price breaks the ascending triangle, the price may gain another 165% surge that may lead a price above $1.

Also Read: XRP Price Analysis: Investors Predict Bull-Run to Break Previous ATH of the Year

The Rally May Surge Above $20 by Mid 2020

Many analysts in the crypto space believe Ripple’s XRP carries strong fundamentals and is also worldwide accepted as a payment gateway. Therefore, the price is anticipated to spike up in the coming days to as high as $100 too.

Currently, the market sentiments appears to be completely bullish with a strong XRP community which upheld the price above $0.4 amid the depleting trend. Considering the facts, one of the popular analysts, Sir Gordon believes the price may even hit levels close to $30 in coming days.

At the time of writing, the XRP price is $0.5752 with a jump of 14.10% compared to the last trading day. However, currently, it is mandatory for the price to smash the resistance levels at $0.6. Also not visit the support levels around $0.5. However, the RSI indicators for Ripple’s XRP showcase a bullish trend. And the technical indicators also point towards a strong buy signal. 

Also Read: Huge Whale Transfers for Ripple’s XRP, Coinbase Being the Major Player

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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