- XRP is rising on the charts despite the legal tussle between Ripple and the U.S SEC.
- Analyst pens his price expectation for XRP awaits for a massive pump and a breakout.
The cryptocurrency market is leading northwards on a positive note, The month of November has accompanied fortunes along for investors and traders in the industry.
Meanwhile, XRP is buckling up, for a rally on the charts. The digital asset has been showing upward price movements despite the odds. Meanwhile, the analyst pens down his price expectations on XRP.
XRP Price Analysis
The digital asset at press time is trading at $1.29 with gains of 3.3%. While the market cap is at about $59,823,145,306. The trading volume around the clock is around $5,529,832,148. The coin has been moving along a narrow range, waiting for a breakout, towards the moon.
Meanwhile, the analyst pens down his price expectations for XRP. He enlightens his views, with two charts. While one portrays a big triangle and pump after exit, the pump was more than 1000%. Which led to a rally from $0.20 to $3.40.
Another chart portrays two triangles, he mentions that one has already worked out, giving out 250% net profit. And the other one, he expects a big pump from the exit of the triangle. The target is at $4.20 by 2.618 Fibonacci.
The analyst highlights that the distance to which is equal to x2 the height of the green candle. A breakout to gains of 200-250% could be expected.
Collectively, XRP is awaiting its due share of leg-up for a brief period of time. We can expect an upswing with the commencement of the altseason, which could take it higher towards targetted levels. Moreover, any update regarding the legal hurdle turning in Ripple’s favor would surge XRP prices.
Original Source :coinpedia.org
Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.
If you want professional consultation regarding stock or cryptocurrency investing leave your information below and experts from our trusted partners will reach out to you