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Price Analysis

Crypto Analyst Claims XRP Price Will Turn $0 In 2020

A ray of hope is shining above the cryptocurrency market since Tuesday. The majority of the crypto assets are in the green after difficult few days. Ripple’s XRP has managed to increase by around 3% in the last 24 hrs. XRP is the third top cryptocurrency as per market capitalization. 

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The current XRP price is $0.2271 against USD with a 3.41% while ripple slid down by 2.58% trading at 0.00003011 BTC. The 24hr market volume has reached $1,584,702,691 USD. The 7-day chart of XRP shows great highs and lows. 

The week started with a high ripple rate at $0.24 however midweek saw the least price of $0.2 since the last year. The XRP/BTC price rate is still plunging down as of writing. 

Analyst View on XRP

Popular economist Alex Kruger predicted Ripple’s price in his recent tweet. Amid the expanding volume, Ripple’s trend is turning bearish according to the tweet. 

Alex has charted the ripple price in a linear progression from Jan 1/2018. As per his findings, the XRP price will reach $0 in the coming February 2020. As per the YTD data from Coinmarketcap, XRP/USD price has reached its lowest in the month of November.

Another Analyst Peter L Brandt had claimed that XRP price might form a Diamond Bottom if the price reaches $0.4691. However, the Diamond Bottom did not form.

It is yet to see whether this prediction comes true. Ripple could easily change its course and increase its price.

What do you think of this XRP price analysis, Will the February 2020 prediction hold true? Let us know on our Facebook and Twitter pages.

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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