Ripple News Today – One of the most popular members of the cryptocurrency community, LomahCrypto has predicted that the Ripple XRP token is scheduled to rise by 30% in the next two months. Because the XRP token has fallen by more than 50% since February, it is difficult to believe that the token is primed for any upcoming surge. In a Twitter post, the analyst said that the next target for Ripple XRP is $0.24. The XRP price prediction which was posted with a price chart showed that the cryptocurrency has a swing failure pattern at a primary support level indicating that positive movement may be on the horizon.
In line with the prediction LomahCrypto made, another popular cryptocurrency analyst, Credible Crypto, said that the cryptocurrency has long-term prospects. The token has retested the multi-year trendline which it got from recovering from a downtrend. Right now, according to Credible Crypto, the XRP token is approaching a breakout point. This shows that it has bottomed out and higher highs are on the way.
XRP (XRP) Price Today – XRP / USD
Keep in mind that most analysts aren’t just predicting a bull run for Ripple XRP, they are predicting one for all cryptocurrencies including the first cryptocurrency per market capitalization Bitcoin BTC. The entire market is looking bullish long-term. If the price of Bitcoin BTC moves, every cryptocurrency including XRP will benefit from the cryptocurrency bull run. The Bitcoin bull run will most likely be fueled by the ever-increasing number of new entities on the Glassnode. Since the middle of March, the number of people on the Bitcoin network has increased by 200% from 6,000 to 17,000.
In other news, the Ripple XRP token is struggling against the USD. Unable to cross the resistance at $0.200, XRP has fallen even lower to the $0.18 level. At the time of writing, the price of XRP was $0.1851. This means that it is down by 4.11% against the USD and down by 0.07% against the price of Bitcoin BTC. The trading volume is $2,258,704,052 over 24 hours and the market capitalization is $8,163,318,109. Things aren’t looking good for XRP this week but the analysts are sure that the token is going to pick up soon. It’s difficult to predict the future of any cryptocurrency token accurately near-term but the odds are looking good for now. It may get worse before it gets better.