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082: XRP PRICE TO HIT $28 IN NEXT BULL CYCLE IN 2020?! | Bitcoin (BTC) Futures Gap to Fill at $11,800?!
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
English - December 16, 2019 15:13 - 12 minutes - 6.29 MB - ★★★★ - 537 ratingsTechnology Education bitcoin binance bitcoinnews bitcoinnewstoday bitcoinprice bitmex blockchain btc btcnews crypto Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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While Ripple XRP, the third largest cryptocurrency is still trading at $0.21, a trader is citing a chart to suggest a somewhat unrealistic XRP price surge to the $28 level next year. XRP has not been on top form since early 2018 when the price surged to its all-time high of about $3.84.
Ripple’s active expansion strategy has not yet made its retail investors happy since the XRP price has been unable to get over $0.30 for a long while already. However, now traders seem to have found signs on charts that say a new bull run is coming next year.
The trader 'D.Y.I. Investing' has shared some info about cyclical time frames for XRP he has come across. Bearish cycles that happen to XRP take two years, he says, following a 1-year bullish cycle. This means, as per the trader, that the approaching 2020 is going to become bullish for the coin. He expects the price to hit as much as $28.