XRP Price Set to Reach $0.70 as Crypto Traders Turn Bullish

News
Wed, 02/19/2020 - 12:30
Yuri Molchan
Several traders are predicting that Ripple’s XRP has taken a bullish course and is set to head for the $0.70 level
Cover image via www.shutterstock.com
Contents

Despite the recent price surge that Ripple’s XRP underwent breaking above the crucial $0.30 price spot, XRP has been trading below this mark for a few days already, its fluctuations taking the coin from $0.28 to $0.29 and back.

Still, crypto traders are bullish on the prospects that are likely to open for XRP within the short term.

$0.70 on the cards for XRP

Trader @Sawcruhteez has shared a chart with his Twitter followers, in which he says that the XRP price is about to break upwards soon. On the chart, he sets the $0.70 mark as the nearest target for the coming months.

This growth, if it takes place, would constitute a 130-percent increase from $0.30. On the chart, the candles are going green and the XRP price has turned the key horizontal line into support from resistance.

Image via Twitter

‘Just feel like going all in XRP’

A prominent trader @ColdBloodShill told his 17,000 subscribers that he feels like going all-in on XRP and logging back in at some point later on, in the summer.

That smells like a bit of a trolling, though the trader’s sentiment on XRP is clearly bullish – XRP has managed to return to the $0.29 level after the small retracement over the weekend, holding that psychologically important level.

Image via Twitter

Related
XRP Price Expected to Hit $1 Minimum as We Approach 2021

Trader @KingThies believes that now is a good time for new investors to enter XRP, in the $0.26-$0.32 range, as he expects a breakout of the coin’s price later on. He tweets:

“Clear reversal for $XRP, complete with strong volume and breakout + backtest. Both HOLDLers & traders alike will likely be happy with an entry in this current range of $0.26-$0.32.”
Image via Twitter

 

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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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