- Ripple made its way to Forbes list
- Predictions on XRP’S hitting the $.17 bottom: 200$ rally is forthcoming
Ripple News Update – Forbes recently released a list of 50 most innovative Fintech companies of 2020. According to the American business magazine, the Fintech sector made a “frontal attack” on conventional companies. It was reported that fintech companies got over $53 billion from investors. Among the 50 elected companies are several companies linked with the blockchain industry and cryptocurrencies.
Ripple Latest Update – Coinbase, Chainanalysis, and Ripple made the list with an investment of $293 million, $525 million and $45 million respectively. Commenting on this, Forbes stated: “(…) are private companies with operations or customers in the U.S., and are making it easier, faster and cheaper to use financial services.”
Predictions on XRP’S hitting the $.17 bottom: 200$ rally is forthcoming
XRP Price Update – over the past 60 days, XRP price has been on a rollercoaster. Ever since bottoming at $0.17 amidst December, XRP has increased by just under 100% hitting $0.336. This price movement came unexpected for traders, as after XRP’s -50% price action in 2019, some crypto investors were certain that XRP token was on its way to falling to a new mulita-year low.
XRP News Now – It sure is a jumbled start to the day with Ripple’s native token XRP trying to resist the trend. A move back via the major level would be required to avoid a major sell-off. XRP price surge by 2.84% on Friday, continuing from a 7.4% XRP price rally on Thursday, XRP token ended that day at $0.33589. The day commenced with XRP rising to an early morning high of $0.33231 before declining to a mid-morning intraday low of $0.31060.
XRP 2020 – avoiding the initial key support level at $0.30490, XRP price rallied to a late afternoon intraday high of $0.33890. Declining off the initial key resistance level at $0.3443, XRP price revisited the $0.3320 levels before a late move back via to $0.3350 levels. XRP price is currently up by 0.25 to $0.33674. An irregular start to the day saw XRP price surge to an early morning high of $0.34639 before declining to a low $0.33135.
XRP (XRP) Price Today – XRP / USD
Ripple Price Prediction 2020 – Without another crypto sell-off, XRP price should avoid the $0.32 levels on the day. The major support level is at $0.3180, while the major resistance level is $0.3463. The 23.6% Fib Retracement level is at $0.3638, while the 38.2% Fib Retracement level is at $0.4800, and the 62% Fib Retracement level is at $0.6678. The next few days of trading will determine if the trend will change direction.