- XRP price bullish as it surpasses the 2 major resistance levels
- XRP Price might surge even higher in the coming weeks
XRP price prediction 2020 – in the past 50 days, XRP price has been up with over 50%, rallying from $0.17 to a major height of $0.29 in just over a month. XRP is still significantly down from its all-time high above $3.00, which was set in early-2018. Currently, XRP price is at $0.278, XRP stays over 90% lower than its all-time high, which denotes that the digital asset has significantly failed BTC, down with about 50% from its$20,000 high.
XRP (XRP) Price Today – XRP / USD
| Name | Price | 24H % |
|---|---|---|
 | $0.00 | -0.80% |
XRP traderview – Regardless of the price variation, the technical analysis of XRP is indicating that it is close to an imminent surge, with bullish price indications on its long-term charts. Commenting on the price trend of XRP, the famous crypto trader Inmortal Technique shared this chart showing that XRP has broken the two previous major long-term resistance concurrently in the past few days. This means that XRP is preparing well for bullish momentum.
XRP News Now – the two resistance mentioned above are the downward resistance established in September 2018, which has limited the price movement ever since. Also, a downtrend level that has restricted price rallies for over the past few months. This has also freed smaller horizontal resistances close to $0.25.
XRP Price might surge even higher in the coming weeks
Twitter XRP – also Josh Olszewicz of Brave New Coin recently stated on Twitter some reasons why XRP could soon break a higher ground. Olszewicz shared three technical reasons which notably denotes that additional gains can be amassed over the coming weeks and months.
According to Olszewicz’s observation, XRP price has broken the Kumo band of the Ichimoku Cloud indicator, implying an impending bullish momentum. The 200-day exponential moving average has been surpassed by the trading price of XRP. The 200-day EMA is often regarded as a major reversal point for many digital assets. Lastly, Olszewicz stated that XRP price is hovering to nullify a 700-day bullish momentum formation in the near term. This means that there will be lesser resistance and the multi-year downtrend will have been crushed.
XRP price Prediction 2020 – Ripple XRP Price Prediction 2020
Ripple price today USD – Although Olszewicz did not give any XRP price prediction together with his observation, some analysts did. A prominent crypto analyst, Trader Posty recently shared his thought on XRP/USD pair. He stated that the XRP/USD pair might likely decline below $0.25 in the forthcoming weeks. According to him, this is per the 200-day moving average, then XRP price rally by 24% to what he termed a “key level resistance on high time frames” at $0.315.
