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XRP Price Expected to Hit $0.30 As XRP Liquidity Index Keeps Growing

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Tue, 02/11/2020 - 10:19
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  • XRP fans keep predicting an upcoming rise to $0.30 despite pullback, while the XRP Liquidity Index on the Mexican exchange Bitso keeps rising

Cover image via 123rf.com
Contents

After the recent XRP price peak ($0.2869 on February 9), quotes of the third-largest cryptocurrency began sliding on Monday and went below the $0.28 level, while the community expected XRP to retake $0.30.

At press time, XRP is exchanging hands at $0.2707, however, one Ripple fan who often shares XRP charts still expects the coin to finally overtake the $0.30 price mark in the short term.

XRP CMC
Image via CoinMarketCap

Meanwhile, the XRP Liquidity Index in Mexico and the three other corridors monitored by this Twitter bot keeps rising, setting new all-time highs.

‘XRP slingshot coming’

XRP enthusiast @gordongekko369 believes that Ripple’s XRP is on its way to the $0.30 level from the current $0.27 spot, saying:

XRP 1
Image via Twitter

However, crypto trader @CryptoCapo_ offers the opposite scenario, assuming that XRP is about to start a major decline well below $0.20 – down to $0.13.

XRP 2
Image via Twitter

The community, though, seems to like the bullish scenario much more.

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XRP liquidity rises

The Twitter bot reporting the movements of the XRP Liquidity Index on three of Ripple’s ODL corridors (Mexico, the Philippines and Australia) has published a chart showing the XRP/MXN pair on the brink of another high, which would leave the previous ATH behind.

As a result of the 29-percent trading so far today, the liquidity index already totals 17,499,564, quickly approaching the previous high of 18,382,062.

XRP/MXN
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.

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Mon, 03/30/2020 - 12:34
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  • Two days ago Bitcoin (BTC) failed to conquer a bearish stronghold at $7,000, which sent it to sub-$6,000 areas. When can we expect the next attack?

Cover image via stock.adobe.com
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Two major cryptocurrency traders and analysts believe that $6,500 may be the final level of this ‘fake rally’ before a new fall for the crypto king.

Relatively calm but targets $6,500

Seasoned crypto trader and analyst Michael van de Poppe recommended his followers to switch their attention towards altcoins.  According to him, many of them may bring profit in the short-term perspective:

$BTC is remaining relatively calm, so you can see alts pop here and there. If $BTC goes in accumulation modus, that will probably be the time that they start to kick off.  Probably during the summer. 

Although, with today's bullish momentum, Bitcoin (BTC) could reach $6,400 and even $6,500 fast.  But once it reaches this level, the U-turn is over and we can brace ourselves for a new decline.

The views of Mr. van de Poppe were shared by CryptoBirb, a prominent analyst and founder of The Birb Nest educational platform. According to him, $6,400-$6,600 is the most comfortable area for the ongoing Bitcoin (BTC) price move.

At printing time, Bitcoin (BTC) trades at $6,340 on major spot exchanges.

Don’t recommend Bitcoin (BTC) to Peter Schiff

Famous ‘gold bug’ Peter Schiff never ceases mocking Bitcoin (BTC), with no regard to bullish or bearish sentiments in the market. Yesterday, he compared the declines from the ATH demonstrated by both his beloved gold and the flagship cryptocurrency. 

Since the Bitcoin (BTC) fall has been five times deeper, he doesn’t have enough words to characterize its advocates. 

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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