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

News
Wed, 06/17/2020 - 14:10
Yuri Molchan
Prominent analyst Michael van de Poppe is bullish on XRP and tweets that the fourth biggest coin may surge towards $0.24
Cover image via stock.adobe.com
Contents

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.

Image via Twitter

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

Related
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.

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, can be contacted at yuri.molchan@u.today.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy