- XRP Has Been Struggling Against the USD for Many Months as a Rise Above the $0.33 Level
- Analyst Predicts an 80% Surge in the Price of XRP
XRP Price Prediction 2020 – According to an XRP price analysis on SOMAG news, the XRP token is on the verge of surging significantly against the USD. The analyst predicts an 80% surge in the price of the token. The XRP price prediction is a little far-fetched but the cryptocurrency industry is highly unpredictable. So, anything can happen. Over the last few days, the price of Bitcoin BTC and Ethereum ETH were bullish against the USD but the XRP token didn’t record any significant gain at this time. The XRP token has maintained the same bearish pressure or formed over 2 years ago. Over the last two months, the token has been unable to retest the yearly high of $0.33.
XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020
At the time of writing, the price of the XRP token was $0.251156. It was up by 3.20% against the USD and down by 1.67% against Bitcoin BTC. The trading volume over a 24 hour period was $1,730,939,311 and the market capitalization was $11,364,308,666. The analyst who has predicted an 80% surge in the price of XRP said that the TD sequential indicator, a major buy signal, has appeared on the charts. So, the buyers are gearing up for a comeback that will give the XRP token a much-needed boost in price.
XRP (XRP) Price Today – XRP / USD
The TD sequential indicator shows that the XRP token isn’t just going to rise against the USD but against Bitcoin BTC as well. This will allow the token to recover all the losses it has sustained over the last two years. An 80% rise in price will take the XRP token close to the all-time high of $3. The XRP token has dropped enough to test and trigger the TD 9 buy signal on the weekly chart. It was the appearance of this TD 9 indicator that allowed the XRP token to move above the $0.25 level but this is just the beginning.
The TD 9 sequential indicator is a popular indicator that helps analysts predict a surge or a drop in price. It indicates the probability of a token reversing based on certain price action requirements. Right now, the Bitcoin BTC token is trading at $12,695.08. This means that it is up by 7.24% against the USD with a trading volume of $39,779,984,634 and a market capitalization of $235,150,103,272. Bitcoin’s surge from the $11k level to the 12k level was impressive.
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.