According to reports, crypto analysts have backed Ripple’s XRP token to stay bullish and reach the $7 mark in coming months. It appears that the XRP price has been bullish in recent days. Now, cryptocurrency commentators have issued a bullish stance for the digital asset. One of such analysts to predict a bullish outcome for XRP price is Robert Art. According to Art, a renowned crypto analyst on Twitter, via a tweet on June 19, it is still possible for XRP price to reach the $7 mark in coming months. This means XRP will be bullish in the medium-term if all parameters stay in play.
XRP (XRP) Price Today – XRP / USD
Ripple’s Collaboration with MoneyGram Has Put XRP in the Lime Light
The crypto analyst isn’t the only crypto commentator that is bullish about XRP’s medium-term potential. XRP, the third largest crypto by market cap, is tipped to reach $7 in due time. There are tweets that indicate that the entire community is waiting in anticipation of a significant bull rally for XRP price.
Ripple’s XRP token has been the major point of focus in recent weeks. This situation can be tied to several reasons. One notable reason among the many is Ripple’s recent announcement of a strategic partnership with payment carrier service, MoneyGram. MoneyGram is reportedly one of the largest money transfer companies in the world. And Ripple entered a $50 million deal with them. This move has indirectly had a huge impact on the price of XRP which surged from about $0.40 to $0.45, despite the fact that it is currently trading at $0.43.
However, the recent tweets from several cryptocurrency traders reveal that there’s bullish sentiment for the coin.
A good number of crypto commentators were quick to agree on Art’s notion. With a section of them predicting the price of the coin to go as high as $7.5 or $10 respectively. Now, whether this prediction is achievable, remains to be seen. The question will be answered in the near future.
Analysts Remain Bullish When Giving Predictions for An XRP Price Increase
Like Robert, another analyst called Sir Gordon Gekko predicted on May 27, that XRP price has the potential to reach $7 in coming weeks. In his opinion, the golden cross from 2017 was hit. This set XRP’s price at $0.20. Before taking it to $3.50. He believes this scenario will be evident once more. He also outlined that the past golden cross was attained at $0.40. According to him, the next could come at $7.
We also have the prediction of The Cryptomist who predicted that on June 9 that we are testing resistance that he can see BTC’s volatility disrupting things. These predictions remain just speculation at best as is the case with digital asset price predictions.
There are High Expectations for XRP’s Prospects Independent of Bitcoin
When you consider the prognostications above, it is safe to reach the conclusion that expectations are now high at this point for XRP’s prospects in coming months. It is remarkable to note that the chances of this happening haven’t been tied to a huge price surge for Bitcoin. Hence, a good reason why the attention is on XRP as well instead of Bitcoin alone.