XRP has shown little growth so far, managing to maintain $ 0.16. Now, an analyst believes it is approaching $ 0.20.
After the XRP hit $ 0.17 on March 20, it fell and traded in the $ 0.15 range for a while. Now, cryptocurrency traders seem optimistic and are sharing their bullish trends, saying that the third most popular currency by market cap could rise to $ 0.25 and offer 40 to 50% gains in the medium term.
“Expecting 40-50% profit in the medium term”
While analyzing an XRP / BTC chart, analyst and trader ‘Captain Faibik’ stated that XRP has reached a vital support level at 2,400 Sats. He believes that the cryptocurrency will reach 0.00003725 BTC ($ 0.25) in the medium term and expects profits of 40 to 50% of the current price.
$ XRP/ BTC (Update)
Reached at Crucial Support (2400 Sats), Now Midterm Holders Can Grab it .. !!
– Captain Faibik (@CryptoFaibik) March 25, 2020
$ XRP / BTC (update)
Hit at Crucial Support (2400 Sats), now medium-term holders can catch it .. !!
Expecting 40-50% profit in the medium term
head and shoulders Inverse
TradingVIew’s ‘Alex_Clay’ trader expects XRP to rise, believing that it is now safe to open a long position. He warns that he does not offer financial advice and that his readers must do their own research before negotiating. Your target for XRP is $ 0.17358.
“We completed a target in the previous upward wave, now the price forms an inverse bullish pattern of head and shoulders, which means that we can take a long position. “
“Don’t buy this idea before doing your own analysis!”
“XRP is showing a rising wedge pattern”
Trader ‘David_Smith’ wrote that XRP is forming a rising wedge pattern, hoping the cryptocurrency will drop to $ 0.15310.
“The price showed an upward wedge pattern. We can take action only in a confirmed break in the support trend line with a small risk. ”