Bitcoin (BTC) seems to be successfully maintaining its position above $8,000. This was an important psychological level to surpass, and now, experts are rooting for the most important digital crypto in the market to hit $10k as well.
Meanwhile, XRP is also keeping its upward position, and it’s trading in the green today. After a long period of stagnation, the price of XRP finally exploded triggering a lot of excitement among the members of the XRP army of fans.
In just 24 hours, XRP managed to surge by 20%, and this number is higher compared to any top 100 coins in the crypto market.
XRP, on its way to surpassing the $0.50 level
It seems that some of the resistance levels that XRP/USD needed to overcome before being able to reach the target area at the $0.50 area have been surpassed.
Investinblockcgain online publication noted that XRP was able to witness some pretty amazing price boosts over the past seven days and this amounts to more than 42%.
XRP to hit $1 by 2020 – is this a viable forecast?
The online publication mentioned above analyzes the possibility that XRP can hit $1 before we enter the next year.
They believe that for XRP to surge to the $1 target, “the cryptocurrency will need to increase by a whopping 134% from today’s price. The last time Ripple was at $1.00 was during February 2018, over 15 months ago.”
They continue and present some relevant charts while highlighting the most important areas of resistance that are on the way up to $1.
We strongly suggest that you head over to their article and check out more details.
The online publication concludes by saying that XRP will need to “overcome strong resistance at $0.50, $0.60, $0.80, and $0.90 before being able to make an attempt at $1.00.”
This year, there have been various bold price predictions regarding BTC, Ripple’s XRP, and other important coins in the market.
Some of them seemed too sci-fi, but we have to admit that this one addressed above doesn’t seem out of this world at all, and the forecast is a viable one.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.