XRP Price Prediction – Analyst Predicts Moonshot For XRP and Ethereum ETH Mid-term – August 16th, 2020 

Ripple XRP Price Prediction
  • XRP is Struggling to Move Above the $0.3000 Level Despite Bullish Pressure in the Altcoin Market 
  • Analyst Predicts a Moonshot for XRP if it Can Cross the Key Resistance Levels

XRP Price Prediction – The entire altcoin market has been rallying against the USD with Litecoin LTC taking the lead. However, Ripple XRP has been lagging behind as crossing the resistance at $0.3000 seeks impossible near-term. Despite the current price of the token, there are those who believe that the XRP token will surge significantly against the USD near-term. Recently, an analyst said that XRP has crossed a significant level and broken a one-year accumulation range.

XRP Price Prediction – XRP Stalls in the $0.2900 Level But a Major Surge is on the Way

At the time of writing, the price of Ripple XRP was $0.298008. This means that it is up by 0.20% against the USD and up by 0.34% against Bitcoin BTC. The trading volume over a 24 hour period is $2,143,579,809 and the market capitalization is $13,386,157,976. One major cryptocurrency trader, Crypto Michaël, said that he believes XRP has the potential to move as high as $1 eventually. However, the token will keep consolidating near-term but a bull run will follow. In his words;

“You want to see some compression here, sideways movements. Then, you’re going to break through this high and make a new higher high, which essentially should lead towards $0.40 or even $0.50. Then, you can start defining the levels from the expansion we have here in which a rally towards even $0.61, or in this case, the block around $0.68 is very likely to occur.”

In a recent YouTube video, one trader, Van de Poppe said that XRP is heading for a bull rally just like ETH. In his words;

XRP Price Prediction 2020 – Ripple XRP Price Prediction 

“We have broken a one-year accumulation range, and we are acting above the 100-day and 200-day [moving average], not only on the daily timeframe but also on the weekly timeframe, which essentially is a bull territory case. The essential strategy you want to have in this case is just [to] buy the dip. Once the next dip comes, which essentially could be towards $300, could be towards $360… That dip you would want to get as the next rally should most likely bring us towards $700.”

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.429
-10.78%

Ethereum ETH is currently trading at $424.36. This means that it is down by 2.26% against the USD and down by 2.29% against Bitcoin BTC. The trading volume over a 24 hour period is $11,864,754,802 and the market capitalization is $47,615,395,029. Ethereum ETH has shown a lot of potential this year and there is still a chance that it will rise even higher before the end of the year.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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