Ripple’s XRP token has risen by 18 percent in the last five days. That was about time, the high point of 48 cents was reached at the end of 2018, after which the rate fell back to 22 cents at the end of September. Now that the price is rising again, analysts are positive again.
You can see that in the graph below. The rate rose from 22 cents to 26 cents.
What do the analysts say?
The first analyst we listen to and watch is The Crypto Dog. He says that the XRP / BTC pair is bearish but also sees that XRP can rise in satoshi value. A satoshi (sat) is 100 millionth of a bitcoin.
Dominance looking like hot garbage, $ XRP / $ BTC looking hungry.
Not sure about $ USD pairs but there appears to be an opportunity here. pic.twitter.com/nDJJIchdFl
– The Crypto Dog? (@TheCryptoDog) October 6, 2019
He is not alone in this. Galaxy expects XRP to increase by at least 170 percent. In the most positive scenario, he sees XRP rise by no less than 4600 percent!
$ XRP/ BTC
Every bullish MACD crossover on the weekly chart was followed by significant price increases.
Lowest gain 170% +
Best 4600% +Recently, MACD turned bullish once again. pic.twitter.com/Mn2BABWESG
– Galaxy (@galaxyBTC) October 4, 2019
Peter Brandt also looks at the graphs, and he believes that the bottom for XRP compared to bitcoin has been reached.
There is some chart evidence that $ XRP is bottoming against $ BTC $ XRPBTC pic.twitter.com/TfvIbClTdP
– Peter Brandt (@PeterLBrandt) October 4, 2019
Trader Like Martin is also positive. XRP is currently worth 3345 sats. He sees the rate rise to 4,000 satoshis in the coming month.
$ XRP road to 4000 sats continues.
The comments on the first post in this thread are hilarious to read now. pic.twitter.com/1BLki6c9Qu
– Luke Martin (@VentureCoinist) October 7, 2019
But what causes the sudden rise in the price of XRP? There is some positive news shared by and about Ripple. For example, Samsung has entered into a partnership with Finablr, and this company is a member of RippleNet. In addition, Ripple’s CTO, David Schwartz, revealed that they have the idea of developing stablecoin based on XRP.
The latest noteworthy news is about BitPay. They will integrate XRP into their service. This allows retailers who use BitPay to also receive XRP from customers.
According to CoinTrendz.com, XRP was the most talked about coin on Twiter yesterday. Today they currently occupy third place.
Top 10 Mentions on Twitter in the last hour – $ BTC $ ETH $ XRP $ LTC $ EOS $ LINK $ USDT $ TRX $ BCH $ BNB
More on https://t.co/ke7SHQm6tN ? pic.twitter.com/ocXzUHHcsQ
– CoinTrendz.com (@CoinTrendz) October 8, 2019
Are you as positive about the price of XRP as the analysts above? Then this might be a good time to buy XRP. Please note, this is not financial advice. Hoping for a price rise is and remains a risk. Therefore, only invest with money that you can miss.
If you already have a wallet or are connected to an exchange, buy XRP from a broker such as BTC Direct. Pass on your receiving address and you will have your Ripple in no time.
Don’t have a wallet yet? Then we recommend the BLOX app for iPhone and Android. This is a free all-in-one app that allows you to own XRP within 2 minutes. And you will receive your first five euros if you enter the bitcoin code when registering.
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