- Ripple XRP is undervalued says CEO
- Ripple XRP price rally persists with the possibility of a price surge to $0.31 level
XRP News Now – According to Ripple’s CEO Brad Garlinghouse, he claims that Ripple Inc.’s recent multi-billion-dollar appraisal which placed the Ripple as one of the biggest Fintech firms in the U.S should have been higher. In a recent interview on CNN’s First Move, Garlinghouse states that Ripple now holds over $15 billion worth of XRP. According to reports, the figure is higher than the $10 billion evaluation Ripple achieved in a new $200 million Series C funding round.
XRP price rally persists, the possibility of a price surge to $0.31 level
XRP USD TradingView – XRP price encountered support close to $0.2680 and recovered slightly against the U.S dollar. There could be a persistent surge to the price of XRP, though the bears might protect the $0.3100 resistance level. XRP price is gradually correcting higher from the $0.2677 swing low against the U.S dollar. Currently, XRP price is back above the $0.2800 level, but it lacks any sign of bullish momentum.
XRP TradingView – On Monday 17, 2020, two merging XRP bearish trend lines were broken with resistance close to $0.2865 on the hourly chart of the XRP/USD pair. The price could encounter price recovery towards the $0.3000, $0.3050 and $0.3100 resistance levels. There was a massive price decline in XRP from above the $0.3200 and $0.3000 levels. XRP 2020 price went as low as settling beneath the $0.3000 pivot level and the 100 hourly simple moving average.
XRP Price Prediction 2020 – XRP price broke the $0.2800 support level and traded close to the $0.2650 support level. A swing low is established close to $0.2677 and the XRP price is correcting recovering. XRP price exceeded the $0.2750 and $0.2800 resistance levels to commence a fresh XRP price recovery. Also, there was a break above the 23.6% Fib Retracement level of the downward move from the $0.3469 high to $0.2677 low.
XRP News Nows – if XRP bulls can clear the $0.3070 and $0.3100 resistance levels, there could be a massive surge towards the $0.3400 and $0.3500 resistance levels. In the short term, there could be a price correction above the $0.2900 and $0.2920 levels. Subsequently, if the XRP price fails to gain an impetus above $0.300, it might resume its price decline. XRP News Now, Early support is close to the $0.2800 level, the major support level for XRP 2020 price is close to $0.2650, beneath which the XRP 2020 price could decline further towards $0.2500 or $0.2450 in the near term.
XRP (XRP) Price Today – XRP / USD
XRP TradingView – XRP News Now, the XRP/USD pair is gradually moving into the bullish zone, while the RSI for XRP/USD pair is back above the 50 levels with a slight bullish indication. The major resistance levels are $0.2940, $0.3000 and $0.3070, while the major support levels are $0.2800, $0.2780 and $0.2650.