Ripple XRP News Today – XRP Rises Above $0.2600 for the First Time in Almost 6 Months, Higher Highs to Come? August 1st, 2020

Ripple XRP Price Prediction
  • Ripple XRP Surges Above the $0.2600 Level for the First Time Since February 2020
  • XRP Might Reach Higher Levels Near-term 

Ripple XRP News Today – Ripple XRP has finally caught a break after months of maintaining a downtrend. The token has been on the rise for the past few days and it might be poised to reach a new yearly high if the bulls maintain the momentum. While other tokens might be surging higher at a faster pace, XRP is still doing well considering its track record. Thanks to its recent bull run, XRP has managed to regain its position as the third-largest cryptocurrency on CoinMarketCap after losing it to Tether USDT weeks ago.

Ripple XRP News Today – Ripple XRP Aims for the Moon, Higher Highs Might be on the Way

Ripple XRP might have reclaimed its position as the third-largest cryptocurrency but the technical indicators show that the bulls aren’t out of the game yet and there is a strong chance that they will keep the token moving higher for the foreseeable future. In our previous XRP news, we noted that the token was primed for a significant bull run but it had to cross the support at $0.2200 first. After successfully moving above this level, it was smooth sailing to February highs of $0.2500. This morning the rally continued and XRP moved as high as $0.2600 and will most likely reach higher levels if the surge continues.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.307
1.94%

At the time of writing, the price of the token was $0.268255. It was up by 9.41% against the USD and up by 4.39% against Bitcoin BTC. The trading volume over a 24 hour period was $2,438,404,894 and the market capitalization was $12,034,616,818. There was a major psychological resistance at the $0.25 level. This is why breaking this level will most likely lead to more significant highs against the USD. While the price of the token is rising at this time, there is no way to determine how long the bull rally will or if the token will lose recent gains when the rally ends.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020 

Many in the XRP community believe that Ripple’s persistent dumping of XRP tokens will eventually hinder the bull run and push the price of the token lower. Keep in mind that the current rise in the price of Ripple XRP is not an isolated movement. It is rising along with Bitcoin BTC and other tokens on CoinMarketCap. For the first time for many months, the BTC token successfully broke the resistance at $11,000. In the next few days of trading, we will know if the token will keep rising or not.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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