XRP Likely to Surge High Due to Bearish Attitude of XRP Skeptics: Top Analyst

News
Sat, 07/18/2020 - 11:37
Yuri Molchan
Analyst ‘Crypto Michael’ has tweeted that he expects the bearish take of XRP skeptics to make the potential growth of XRP bigger than the potential further downside
Cover image via stock.adobe.com

Top-level analyst Michael van de Poppe (also known as ‘Crypto Michael’) has tweeted that right now it is one of rare occasions when he enjoys holding his XRP bag.

Today, the fourth most popular cryptocurrency has been trading at $0.1953, showing a tiny rise under one percent, as per the data from CoinMarketCap.

Related
XRP Price Target $0.24, Prominent Analyst Predicts

However, the XRP price seems to be pushing away from the major resistance line at and is showing small green candles, which may signify the coin’s targeting a further growth.

Image via TradingView

While responding to a bearish comment to his tweet, ‘Crypto Michael’ said that bearish expectations on the prospects of the XRP price make him believe that the rise of the coin is going be much higher than the potential decline.

Image via Twitter

 

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.


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