Ripple Analysts Think XRP Is Heading To $0.55

The price of XRP has been stagnant. Still, the coming altcoin news show that a lot of Ripple analysts are optimistic about it – and expect it to rise to $0.55 after its recent highs to $0.50 and its year-to-date lows of below $0.30 occurring throughout the past year.
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Even though these gains are nothing to be frowned upon, they are definitely small compared to the 300% gains that Bitcoin as well as other cryptocurrencies have incurred from their 2019 lows. XRP may soon surge higher, the Ripple analysts think, potentially catching up to other cryptocurrencies as well.

Right now, Ripple is trading down nearly 2% and its current price is $0.475, down from its recent highs of $0.50. Over a span of one week, XRP is trading up from lows of $0.42 to new highs of $0.48 and more. For those of you who did not follow our altcoin news, the lows of $0.42 were also price at which the cryptocurrency was trapped at for an extended period of time while the rest of the market was surging higher.

At the time of writing, Ripple (XRP) is at $0.482 with a 2.32% rise and a market cap of 20.52% billion. The 24 hour volume of Ripple is $2.1 billion which is a good factor for many Ripple analysts and traders.

One of the popular cryptocurrency analysts on Twitter is The Cryptomist. He recently noted that XRP will likely require a little more time before it stabilizes and incurs enough selling pressure to lift off further and climb higher.

“$XRP: The 48 cents from yesterday’s post holding as strong resistance thus far. We did wick up to 50 cents but fell back to resistance. We may find a bit of ground before take-off, just be patient,” she said in a tweet.

Many best cryptocurrency news sites showed that a break above $0.50 could lead XRP in the near term. Harry, which is another one of the ripple analysts focusing on XRP, said that the next target for the altcoin is at $0.55.

“$XRP traders target is now $0.55c – should have been buying the dips as we moved into accumulation advance, lets go x,” he tweeted.

Assuming that all of these assessments are accurate, we could be seeing Ripple in the latest cryptocurrency news with a new target set at $0.55 or above.