- XRP has Been One of the Worst Performing Tokens Over the Last 3 Years
- The Token is Now Hovering Above the $0.2300 Level After Roller-coaster Ride Earlier in the Week
- One Analyst Has Said That the Token Has the Potential to Move as High as $30 in the Next 2 Years
XRP Price Prediction 2020 – Everyone who has been paying attention to the XRP token knows that it has been on a roller-coaster ride for the last three years. This year, things have been bad for the global financial economy and cryptocurrencies are also being affected by this. The primary factor that is affecting the market is the Coronavirus pandemic. It has brought many major economies to a standstill forcing the United States government to inject millions into the U.S economy. This has strengthened the USD but it has affected the XRP token as well.
XRP Price Prediction 2020 – Renowned Analyst Predicts a Bright Future for XRP
At the time of writing, the price of the XRP token was $0.234018. This means that it was up by 0.14% against the USD and down by 0.49% against Bitcoin BTC. The trading volume over a 24 hour period was $1,316,497,272 and the market capitalization was $10,568,817,477. The token has been hovering above the $0.2300 level since it recovered from the $0.2150 support and started moving higher against the USD and Bitcoin BTC. Unfortunately, the resistance at the $0.2400 level is strong and the XRP token has been unable to break it for days.
Despite the current price action of the XRP token, Credible Crypto, the popular cryptocurrency trader has said that the token has what it takes to move as high as $20 or even $30 in the next major cryptocurrency bull rally. Credible Crypto believes that many strong fundamentals will support the price surge at this time. He said that the XRP token isn’t backed by gold or Bitcoin and it is not a stable coin. In his words;
“Keep it real. XRP price IS NOT “pre-determined.” XRP IS NOT “backed by gold”. XRP WILL NOT reach the prices BTC has ($10,000+). XRP will NOT replace the dollar. But it doesn’t need to do ANY of these things to make you and me life-changing money over the next 3 years. I don’t know about the long term, but look for $20-$30 over the next bull run (2-3 years).”
There have been many bullish predictions for the XRP token over the last few months. Some analysts have made bold claims about the token stating that the token will rise as high as $10k. For this to happen, the market capitalization for the token has to move as high as $1,000,000,000,000,000. So, a surge to the $20 level is more realistic than a surge to $10k. He continued;
“If it ends up seeing real-world usage and adoption, then there is value in holding it, plain and simple. Literally, the entire crypto space right now is to some extent a speculative moonshot? XRP has more usage, adoption, and demand than most, which makes it a solid bet.”