Some of the indicators of the popular sub coin, Ripple (XRP), which have recently suffered a significant loss of value, point to bulls. Analysts and experts share price forecasts for the strong altcoin. Here are 4 analysts’ latest Ripple price forecasts
Nicklaus: The metrics are stronger than the rally Ripple reached $ 3.84!
Ripple (XRP), the third-largest cryptocurrency by market value, some members of the crypto field and analysts expect a large increase in price. An example of this is Nicklaus, a crypto enthusiast and analyst who, in his August 3, 2019 tweet, asserted that many of the XRP-related metrics are similar to the 2017 bull run, where the presence of the crypto reaches $ 3.84. According to Nicklaus, the graphs now show that XRP payments have doubled since May.
Likewise, many metrics are now quite similar to the metrics that are evident in the 2017 bull run. This is, of course, a good finding, because these measurements are even more consistent than in 2017, which may be the forerunner of a more promising rise and new summits. A closer look at the platform referred to in Nicklaus’ tweet shows that at the time of the press, XRP’s 24-hour trading volume on cryptocurrency exchanges is about $ 1.2 billion. In particular, HitBTC today accounts for 21% of these transactions. Other stock exchanges at the summit are ZB, Binance, OKEx, and Huobi with 11.31%, 18.44%, 13.45%, and 7.51% respectively.
The XRP, on the other hand, is priced at $ 0.32 as in the press and has a market value of $ 14 billion. Today’s price shows that XRP has gained 4 percent in the past 24 hours, which is not so important as it has traded around $ 0.31 and $ 0.32 over the past few days. It is also worth noting that the current price of the XRP is lower than the opening price of $ 0.352 on January 1, 2019, which is contrary to Bitcoin’s price increase at the beginning of the year.
However, the upward feeling in the crypto sector about the XRP may indicate whether a storm has actually come. Like Nicklaus, Sir Gekko, CEO of Capital Holdings, Sir Gordon Gekko, said on August 2, 2019, that it would be a great week for the BTC and XRP because BTC is out of the Golden Cross triangle on the 4-hour chart.
Zycrypto analysts: Ripple can increase the price and even ATH with MoneyGram
Likewise, MoneyGram’s partnership with Ripple in a $ 50 million deal seems to have formed. As we reported earlier, MoneyGram is now live and trading on Ripple’s xRapid platform. According to Zycrypto analysts, such a deal and Ripple’s partnership with more than 200 companies gave people the impression that XRP would be the first crypto currency to be accepted worldwide in cross-border payments. Furthermore, according to Zycrypto analysts, this high level of adoption can increase the price of the XRP and even the highest level of all time.
The price of Ripple is hard to provide significant support against the US dollar, while Bitcoin is traded with a positive bias. According to NewsBTC analysts, as long as the XRP price is higher than $ 0.3150, it may go back up. The main resistance is close to the $ 0.33235 price, which is likely to test the $ 0.333 and $ 0.333 resistance levels. According to NewsBTC analysts, more gains could push the price up to $ 0.3400.