XRP’s surge – Is it finally time for a new upwards trend?
It seems like the endless shilling for XRP has finally found some kind of outcome. The coin has been on the rise for the past 24 hours and does not show any signs of slowing down in the near future. It’s unknown whether there will be some major events in the near future that will stop the coin in its tracks.
But most XRP 2020 analysis reports do say that there is nothing to worry about. In fact, the majority of them are in favor of Ripple’s advances in the market, especially the ones that had been most accurate in its predictions in the past.
The fact is that XRP is well on its way to reaching the highest possible exchange rate that it had in 2019, which was $0.479. Although the coin is currently sitting at $0.251, charts do show that the nearest resistance levels are within reach of breaking. So easily so that even the most devoted critics of the currency are starting to see something positive coming for the XRP.
Expectations to meet
Although analysists are up in arms trying to shill the coin, it’s much more likely for the investors themselves to be the sole people responsible for the currency’s advances in the next couple of days.
The market is already showing serious bullish sentiment, which can be seen through the angle at which XRP is rising.
Within just a couple of hours, XRP managed to gain the exact amount it had been trying to do so for the majority of 2019. Should the newly established $0.202 support level survive the bearish trend which is definitely to come today, it’s likely for XRP to finally reach at least $0.30 by the end of Monday.
Overall, bullish flags are flaring up everywhere we look, and it’s starting to seem like February is going to be Ripple’s month.
