XRP: ANALYST WHO PREDICTED ETHEREUM ERUPTION SAYS XRP IS NEXT!
XRP is the favorite crypto currency of the majority of financial institutions, investors, celebrities, and experts because it is the currency that has the potential to rise high and replace the top crypto currencies. Analysts have always been predicting the value of XRP and now an analyst, who predicted the eruption of Ethereum says that the XRP is next.
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In today’s video, you will know about the prediction of XRP by the analyst who had predicted the eruption of Ethereum. You will know about different realistic price predictions experts and the reasons behind XRP to rise again. So, let’s start our video.
According to an article published in October 2020 XRP’s price action has been rather lackluster as of late, with buyers and sellers remaining deadlocked as they struggle to gain control of the cryptocurrency’s near-term trend. This lack of momentum isn’t new for XRP, as the token has been stuck within a macro consolidation phase throughout the past few years against both its USD and BTC trading pairs. This has caused its community to dry up, with the so-called “XRP Army” largely evaporating as they move on to other projects.
This has caused its community to dry up, with the so-called “XRP Army” largely evaporating as they move on to other projects. It is important to note that XRP still has growth potential, as many traders still view it as a short-term vehicle to provide gains due to its tendency to see parabolic moves.
One analyst, who had predicted Ethereum’s parabolic breakout has said that XRP is next. He is now pointing to some striking similarities between Ethereum’s price action before its recent parabolic move and XRP’s current price action. This insinuates that it may see some serious upside that leads it upwards. The buying pressure is always decent and should remain steady so long as the wider market remains bullish.
Unless the XRP token begins gaining some greater utility via Ripple partnerships, any price pumps in the near-term will likely be fleeting due to only being backed by short-term traders. While sharing his thoughts on the embattled cryptocurrency’s current outlook, one analyst explained that he expects it to see some short-term upside and follow in Ethereum’s footsteps.
He said while pointing to the similarities seen between the two assets’ charts. “Basically xrp looks exactly like ethereum did before it broke out yesterday… easy scalp long imo,”
At that time, XRP was trading at 0.25$ and its inability to follow the market has been a somewhat grim sign and could indicate that further underperformance is imminent.
The value of XRP has shown many ups and downs. At the end of 2020, the company faced an SEC lawsuit that put the Ripple future under threat.
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