A while ago, we talked about the XRP 589 dollars prediction. Well, Bearable Bull says XRP will hit $1200 in 2020. In his opinion, this bull run will be as a result of increased adoption of XRP by commercial banks and central banks.
Considering the current price of XRP and the price action in recent months, any XRP price prediction above $1 may be difficult to believe. However, you’ll recall that during the cryptocurrency bull run in 2017, XRP increased by over 25,000% and was the best performing cryptocurrency in the space. It eventually hit an all-time high of $3.83. Another thing you need to note is that XRP is still 6426.76% higher than its launch price irrespective of the significant decline it has already suffered.
Ripple News Today – Bearable Bull XRP Prediction
XRP has many real-world use cases. It can potentially transform the current financial system making it more efficient than what it currently is. Apart from this, Ripple has been making plans to ensure that there is regulatory clarity surrounding XRP. This is because one of the reasons why some people still don’t trust XRP is as a result of the XRP SEC saga. These are some of the reasons why the XRP enthusiast, Bearable Bull predicted a surge in the price of XRP in the next few days. In his words;
“You have 9 to 10 days to buy XRP before you’ll never be able to get it at these prices again”
He compared the current XRP bull run to the 2017 bull run stating that a massive cryptocurrency price boom is on the way and it will drive the price of XRP as high as $5 to $10.
XRP Price Prediction 2019
XRP (XRP) Price Today – XRP / USD
Many experts have agreed that XRP will soon become the most valuable token in the space. The latest XRP price prediction 2019 places the price of XRP in a wide range of $5 and $10. It also states that the price of XRP has the potential to move as high as $1200.
XRP Price Analysis – Will XRP Rise This Year – XRP 589
XRP is still among the most popular cryptocurrencies in the space. Over time, Ripple, the parent company of XRP, has been able to make strategic developments and partnerships that have helped to keep XRP on the list of top three applications. According to our previous XRP news, the road hasn’t been smooth for Ripple and XRP. The company has faced criticism regarding the nature of the XRP token and the relationship between the Ripple and XRP. Even if people complain about Ripple’s leadership roles and involvement in XRP, they cannot dispute the fact that the XRP token has strong potential.
Ripple price started a solid upward move and broke the key $0.4500 resistance against the US dollar. Ripple price is gaining bullish momentum against the US Dollar, while recovering vs bitcoin. XRP looks set to accelerate higher and it could continue to grind higher above $0.4500.
Ripple price is clearly gaining traction above $0.4080 and $0.4250. Therefore, there are possibilities of an upside extension above the $0.4650 level. If the bulls remain in action, the price could even aim the $0.5000 level in the coming sessions. On the downside, the main support is $0.4250, below which there may be an extended correction towards the $0.4080 level.