Ripple’s XRP Price Might Shoot Towards $0.24: Top Analyst

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Wed, 06/17/2020 - 14:10
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Yuri Molchan
Prominent analyst Michael van de Poppe is bullish on XRP and tweets that the fourth biggest coin may surge towards $0.24
Ripple’s XRP Price Might Shoot Towards $0.24: Top Analyst
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Amsterdam-based analyst Michael van de Poppe believes that the fourth largest crypto, XRP, could print a new high at the 2,550 Satoshis level, which is $0.2425.

Reclaiming 2,070 Sats may push XRP price higher

Mr van de Poppe has taken to Twitter to share his take on the short-term prospects of the fourth biggest currency, XRP.

He stated that XRP needs to reclaim the 2,065-2,070 Satoshis ($0.1969) level in order to get a chance to move on towards 2,400-2,500 Satoshis.

The analyst promises to give XRP more focus in his next YouTube video.

At the time of writing, XRP is trading at $0.1960, which is close to the price mark mentioned by the trading expert and necessary for taking.

XRP
Image via Twitter

At the moment, XRP is demonstrating a 2.35-percent rise, as per the CoinMarketCap analytics website.

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XRP Price Is 86 Percent Lower Compared to Its Cost Basis: Crypto Analyst

Ripple onboards major Brazilian bank to RippleNet Cloud

XRP’s uptick coincides with the blockchain giant Ripple expanding its new product RippleNet Cloud to the banking sphere and getting the major Brazilian bank – Banco Rendimento – to begin using the company’s new product.

Using RippleNet Cloud, the bank expects to expand its customer payment volume by as early as Q1 2021.

Banco Rendimento has been part of RippleNet since 2019.

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About the author

Yuri is a crypto 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 in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.