Price Analysis

XRP Price Eyeing 55% Upswing! Altcoin to hit $1.35 in Near Term

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BTC began October with a price of $43,000 and has since risen to a high of $62,994. XRP, on the other hand, began the month at a low of 0.95 and is now trading at $1.09. 

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XRP is currently trading at $1.09 at the time of writing this Ripple price research. Support for XRP on the downside is $1 and $0.85, while resistance for the cryptocurrency on the upside is $1.10 and $1.20. 

The bulls appear to have regained control of XRP, which is steadily gaining. If the current momentum continues, XRP prices will most likely rise 15% to $1.27.

XRP price is currently trading above $1.09, indicating that buyers have returned to the market and are eager to reinvest. If the present upswing continues, the altcoin will likely reach $1.27 per token, a 15% gain from current levels. 

Also Read : XRP Price Could Surge the 5x To Hit More Than $5! But When?

Analyst Predict XRP Price to Hit $20 or $30

As two low-cap altcoins carve out their bottoms, according to a widely respected crypto strategist and trader, XRP is poised for a likely 50% gain. 

Credible, a pseudonymous crypto expert, informs his 249,100 followers that despite momentarily trading below his $0.90 support level, XRP has recovered a crucial price level and is now positioned to surge to a new higher high.

“And here’s one for my ZERPS! We deviated below the range rather than pushing up but now we have reclaimed it, so I am once again targeting the highs at $1.35 and beyond! XRP.”

Credible is referring to a tweet from September in which he charted XRP’s rise from a low of $0.90 to a high of $1.70. If XRP follows Credible’s script, the altcoin may see a 55% increase in value from its current price of $1.09. 

In terms of the crypto analyst’s long-term price prediction for the sixth-largest cryptocurrency, he expects XRP will soar to between $20 and $30 during the current bull cycle.

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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.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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