- Buy Signal for XRP Shows Up On Ripple Price Chart
- Ripple Analyst Predicts That The Price of the Token Will Surge Significantly Soon
Ripple Price Prediction 2020 – Ripple XRP has been struggling like every other cryptocurrency over the last few weeks. This isn’t a surprise when you consider how the rest of the global market is fairing. The spread of Coronavirus is affecting the world in ways that no one has seen in years. Cryptocurrencies, which are supposed to act as safe havens during a crisis are suffering from the rest of the global market and XRP hasn’t been left out. This morning, however, the price of Ripple started making some bullish moves indicating that the buyers are coming soon and the bulls will take over the market.
Ripple Price Analysis – Is XRP Primed For A Bullish Move Against The USD and BTC?
At the time of writing one bullish buy signal had already appeared to ease up the bear market pressure. According to the Ripple price analysis on NewsBTC, the downtrend that XRP has been facing for months has finally caused a sequence of candles that show that a reversal is on the way. This is a TD 9 buy signal. The TD 9 buy signal is on the TD Sequential indicator, a popular price analysis indicator that is used in different parts of the financial market to predict future price movements.
XRP (XRP) Price Today – XRP / USD
While the analyst is certain that the price of the XRP token is going to surge soon, you shouldn’t hold your breath because the price of the token is still over 95% below its all-time high of $3.58. With the price of the token currently trading between the $0.16 and $0.18 level, it is difficult to believe that the price of XRP will ever retest this all-time high again. The good thing is that the price of XRP has recovered from the $0.10 level it hit earlier in March. At the time, analysts called it a bottom.
At the time of writing, the price of Ripple XRP was $0.177332. This means that it is up by 2.44% against the USD and down by 2.47% against the price of BTC. The trading volume over a 24 hour period is $2,186,536,080 and the market capitalization is $7,791,197,463. The next few days of trading will determine if the Ripple XRP price analysis is correct.