Sentiments relating to XRP price movements are definitely bullish, especially considering news regarding the legal confrontation between Ripple and the United States Securities and Exchange Commission (SEC).
Crypto analyst Coinskid has announced his price prediction via Twitter, featuring an ascending triangle that will direct the coin to an estimated $3.7442, showing a possible rally of 430.6%. The spike in buying pressure seen with the horizontal resistance line coming up against the rising support line confirms the bullish continuation that Coinskid suggested.
Evidence of the double-bottom pattern at work also portends major price movements likely manifesting in the form of a bull run. XRP commentators have said $0.50 and $0.60 would make for an advantageous dip before any further raised are made, with April next year likely seeing most of the action due to its conference take-off following a Bitcoin halving event.
At some points, summer hosting its own share of surges has been rebutted since rally seen in August and September tend to slide further. Therefore a drop in the vicinity of $0.50 or slightly lower may be all that’s needed to trigger a bull run.
Currently, XRP is at $0.6936, a 0.9% uptrend marked by24-hour trading activity valued at $1,115,315,190 having a $36,604,205,964 market capital.
