Mon. Feb 17th, 2020

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Crypto Analyst Predicts That XRP Will Reach $28 But Investors To Wait Until 2020

2 min read

The year 2019 has not been a particularly easy year for Ripple’s XRP. Although the third largest altcoin by market cap was showing promise at the beginning of the year, it turned out that the year would see crash again and test 2018 lows. But frankly, it is the performance from the last two years that has been awful. In fact, it has led some analysts like Alex Kruger to make predictions such as $0 in 2020 based on XRP’s regression against time. As we wind up the year, holders have not much to expect, with XRP trading in the $0.2 lows, there little to look forward to in the next few days.

Fortunately, there’s plenty to look forward to in the coming year. Several analysts agree that XRP will see a turn around in 2020. The numbers however differ. One crypto analyst going by the name ‘D.I.Y Investing’ has been predicting a $28 price tag in the next bull run. The analyst has based his prediction on a supposed time frame followed by XRP. On Twitter he posted:

2020 To Be A Big Year For XRP

Another analyst has called for a more conservative prediction come 2020. Crypto analyst Calmly has also taken to Twitter to share his prediction. He notes that based on XRP’s recent accumulation pattern, it could experience a 50% surge in the next bullish phase. His prediction likewise seems only feasible come 2020.

In the short term, XRP’s performance seems to be unknown. The asset is currently stuck in an ascending triangle. This could see it soar by around 12% over the coming days. A swing downwards could see the asset test the $0.19 support but the asset has shown strong support around $0.2 in the last few weeks.

If the analysts’ predictions are correct, XRP at current prices is hugely undervalued, offering the best buying opportunity. As noted by Calmly, smart money will continue accumulating and waiting for the next bullish phase.


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Cryptomute | 2020