XRP Price to Keep Rising to $0.37 Providing It Maintains $0.27 Zone, Crypto Trader Believes

News
Thu, 10/17/2019 - 08:38
Yuri Molchan
A crypto trader is bullish on the XRP price, as long as it does not go under the $0.27 level, thus remaining in the green zone
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

XRP is the third currency with the biggest market cap and is as popular with retail investors as Bitcoin. Aiming at working with banks and at embedding itself in the current financial system, Ripple has been vastly expanding its network of partnerships recently.

The XRP community, one of the biggest and most loyal ones, has been closely watching the XRP quotes lately. Many are expecting the coin’s price to bolster soon due to the upcoming Swell event that takes place in Singapore in the first week of November.

 

Is the XRP price heading towards the $0.37 mark?

A crypto trader @CryptoMichNL has made a bullish forecast of the XRP price. He says that so far the price has been doing well and that he believes XRP would keep surging towards $0.32-$0.37 provided it does not sink below  $0.27.

All the price marks on the chart are in Satoshis.

At press time, XRP is trading at $0.2933, showing a rise by 1.60 percent.

Image by CoinMarketCap

XRP price is to repeat the 2017 surge, traders say

As reported by U.Today previously, some traders are positive that the XRP price is about to soar due to the approaching Swell event annually hosted by Ripple.

A trader @GalaxyBTC shows a history of XRP price rises and drops before and after the event during the last two years.

Related
Trading Legend John Bollinger Suggests Recent Bitcoin Price Drop Could Be a Bear Trap: "Wait for It"

New Ripple’s investment ensures XRPL embedding to Ledger Nano and Trezor wallets

The other day, Ripple announced that it is investment arm Xpring had funded a Swedish firmware startup Towo Labs.

The company is a software maker for hardware wallets. The terms of the investment include the integration of support for all types of XRPL transactions to major crypto wallet devices, such as Ledger Nano X and S series, as well as Trezor T.

 

What is your view of further XRP price behavior? Share your opinion in the comments section!

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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