XRP Price Sets Off to $0.31 Target: Crypto Trader's Opinion

📰 News
Mon, 02/10/2020 - 13:53
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • {{ content.field_content_author|field_value|getauthorname|raw }}

    XRP remains well above $0.25 and traders now expect the price to go higher soon, at least as high as $0.31

Cover image via 123rf.com

The third-largest coin has remained above the $0.25 level for over a week already. At the time of writing, XRP is sitting at the $0.2707 mark, as per CoinMarketCap. However, traders believe Ripple’s XRP is going to perform well soon enough and take the price to higher levels.

‘$0.31 looks good to me’

Prominent crypto trader, Jacob Canfield, well known on Twitter and TradingView, reckons that the next high side target XRP may head for is $0.31 with an entry point of $0.275, which he mentioned in a tweet on Feb 9.

XRP 1
Image via Twitter

Some other traders also believe that the $0.30 level will be vital for XRP’s further upward movement.

Must Read
XRP Price Could Reach $0.60 After Ending Two-Year Downtrend - READ MORE

‘XRP could start performing better now’

A trader who goes by the name @SmokeyXBT reminds the community that XRP closed the weekly level above the $0.28 mark, saying that, for now, this is a great achievement. He expects the XRP/BTC pair to start performing better soon.

XRP 2
Image via Twitter

 

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
A Severe Ethereum (ETH) Correction is Expected by Traders After 125% Rally: Here's Why

A Severe Ethereum (ETH) Correction is Expected by Traders After 125% Rally: Here's Why

TOP 3 Price Predictions: BTC, ETH, XRP Accumulating Effort for New Heights

TOP 3 Price Predictions: BTC, ETH, XRP Accumulating Effort for New Heights

50 Mln XRP Sent Between Large Crypto Exchanges, Japanese Bitbank Involved

50 Mln XRP Sent Between Large Crypto Exchanges, Japanese Bitbank Involved