- Cryptocurrency Analyst Bagsy Says Ripple XRP is Primed For a 50% Surge In Price
- Ripple Sends Out Millions Of XRP Tokens to Jed McCaleb and Others
Ripple News Today – Ripple’s flagship product has always been XRP. Unfortunately, the token itself hasn’t performed as well as the company anticipated. Over the last few years, the price of the token has done poorly. Last year, it was the worst-performing token among the top 10. This year, however, things have changed. A well known XRP price analyst has predicted that the token is getting ready for a 50% surge in price. It is important to note that the price of XRP has gained significantly over the last few days rising from a low of $0.15 to a high of $0.20 where it found strong resistance. The cryptocurrency analyst, Bagsy, has said that the best is yet to come.
XRP (XRP) Price Today – XRP / USD
Ripple Price Prediction 2020 – Will Ripple Rise By 50%?
The last Ripple XRP price rally was powered by Bitcoin BTC. However, the upcoming rally that has been anticipated by Bagsy is going to push XRP past the resistance at $20. If XRP can hold its ground above the $20 level, its technical strength will increase in the coming weeks. The 50% surge Bagsy referred to would be against the price of Bitcoin and it would also be marked by a parabolic bull run against the USD.
XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020
The price of Bitcoin BTC has been unable to stay above the $7000 level for a long time. This has pushed all the altcoins, XRP included, into a sideways consolidation trend. If the price of Bitcoin can cross this resistance, things would be better for XRP. At the time this piece was written, the price of Ripple XRP was $0.199529. It is up by 0.35% against the USD and up by 0.15% against the price of BTC. The trading volume over a 24 hour period is $1,925,899,046 and the market capitalization is $8,775,098,285.
Ripple News Today – Ripple Sends Millions Of XRP Tokens to Jed McCaleb
Yesterday, Jed McCaleb
Yesterday, Ripple sent out millions in XRP as compensation to Jed McCaleb and many others. The payment, which was reported by Whale Alert, amounted to 63 million tokens sent from Ripple to McCaleb. McCaleb is one of the founders of Ripple and he has received billions in XRP since the company was founded. He is also known for contributing his tokens to charity and selling them for personal use.