Top Analyst Says the Only Way for XRP Is Up
The post Top Analyst Says the Only Way for XRP Is Up appeared on BitcoinEthereumNews.com. The only way for XRP now is up, according to widely followed trader CryptoWZRD, who projects a new all-time high for the coin. XRP has again surged past $2.61 for the second time this week. The coin now boasts an impressive weekly gain of 22% amid a renewed attempt to reach the long-cherished $3 price level. XRP’s ongoing price action has many analysts speculating on how high it could go this time before another pause. New All-Time High “Inevitable” CryptoWZRD is among those offering bullish predictions. According to him, XRP is now on an “up-only” trend, steadily grinding higher. He noted that the coin held its ground during the most recent downturn, which saw a retest of the $1.60 level. With XRP now above $2.61, up 62% from that low, CryptoWZRD warned skeptics to stop fighting the trend. He asserted that a new all-time high is inevitable for XRP. Accompanying the update is a weekly XRP chart highlighting its historical price action since 2014. It shows how XRP broke out to an all-time high after a three-year consolidation between 2014 and 2017. The chart also suggests that the longer consolidation period from 2018 has now ended and that there is significant room for price levels to surpass XRP’s previous peak. Notably, CryptoWZRD’s chart indicates XRP could soar to $5.90 during this current leg, implying a 126% gain from today’s price. CryptoWZRD’s XRP weekly chart projecting $5.9 Interestingly, a $5.90 price point would place XRP’s market cap above $345 billion, higher than Ethereum’s current valuation of $317 billion. While this hints at the possibility of XRP flipping Ethereum, the path may be difficult, as ETH bulls have returned. The coin has surged 43% in the last seven days, double XRP’s gain. Other Projections for XRP Peak Amid Breakout Meanwhile, other market…
The post Top Analyst Says the Only Way for XRP Is Up appeared on BitcoinEthereumNews.com.
The only way for XRP now is up, according to widely followed trader CryptoWZRD, who projects a new all-time high for the coin. XRP has again surged past $2.61 for the second time this week. The coin now boasts an impressive weekly gain of 22% amid a renewed attempt to reach the long-cherished $3 price level. XRP’s ongoing price action has many analysts speculating on how high it could go this time before another pause. New All-Time High “Inevitable” CryptoWZRD is among those offering bullish predictions. According to him, XRP is now on an “up-only” trend, steadily grinding higher. He noted that the coin held its ground during the most recent downturn, which saw a retest of the $1.60 level. With XRP now above $2.61, up 62% from that low, CryptoWZRD warned skeptics to stop fighting the trend. He asserted that a new all-time high is inevitable for XRP. Accompanying the update is a weekly XRP chart highlighting its historical price action since 2014. It shows how XRP broke out to an all-time high after a three-year consolidation between 2014 and 2017. The chart also suggests that the longer consolidation period from 2018 has now ended and that there is significant room for price levels to surpass XRP’s previous peak. Notably, CryptoWZRD’s chart indicates XRP could soar to $5.90 during this current leg, implying a 126% gain from today’s price. CryptoWZRD’s XRP weekly chart projecting $5.9 Interestingly, a $5.90 price point would place XRP’s market cap above $345 billion, higher than Ethereum’s current valuation of $317 billion. While this hints at the possibility of XRP flipping Ethereum, the path may be difficult, as ETH bulls have returned. The coin has surged 43% in the last seven days, double XRP’s gain. Other Projections for XRP Peak Amid Breakout Meanwhile, other market…
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