{"id":419600,"date":"2020-03-31T19:00:26","date_gmt":"2020-03-31T19:00:26","guid":{"rendered":"https:\/\/ktsl888.com\/?p=419600"},"modified":"2020-03-31T17:03:10","modified_gmt":"2020-03-31T17:03:10","slug":"xrp-ripple-triple-value-crypto","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/xrp-ripple-triple-value-crypto\/","title":{"rendered":"Ripple Poised to Triple By Q4 2020 After XRP Forms Classic Bottom"},"content":{"rendered":"

XRP<\/a>, the cryptocurrency asset often referred to as Ripple, has been among the worst-performing crypto assets and altcoins of the last two years.<\/p>\n

However, according to one crypto analyst who has spotted what they believe is a classical bottom signature on XRP price charts, expects the asset’s woes to soon change and potentially triple in value before the end of the year.<\/p>\n

XRP’s Recent Panic-Fueled Rollercoaster Ride<\/h2>\n

XRP<\/a> has gained a negative reputation across the cryptocurrency community.<\/p>\n

The number three crypto asset by market cap is often accused of being less decentralized that competition cryptocurrencies like Bitcoin and Ethereum, is demonized for its association and relationships with bankers, and has gained notoriety due to Ripple executives selling XRP holdings in order to fund operations<\/a>.<\/p>\n

Related Reading | XRP Triggers Major Buy Signal As Crypto Asset Reaches Pivot Point\u00a0<\/a><\/strong><\/em><\/p>\n

The constant selling of assets each time XRP price rose at all, was in part responsible for the altcoin’s over two years of a bear market.<\/p>\n

After a breakout of downtrend resistance, all signs pointed to XRP being ready for liftoff<\/a>, and the altcoin asset doubled in value during the first two months of the year.<\/p>\n

However, what momentum the crypto asset had, was destroyed in a catastrophic coronavirus-fueled panic selloff that crushed cryptocurrencies like Bitcoin<\/a>, Ethereum, and XRP, alongside the stock market, gold, and many other traditional investments.<\/p>\n

The sell-off caused XRP<\/a> price to plummet back down, setting a lower bear market low and taking the price of the asset to just over ten cents.<\/p>\n

Ripple Price to Triple By Q4 2020, If Classic Bottom Holds<\/h2>\n

But as Ripple fell towards ten cents, it swept the lows of the previous reaccumulation cycle, taking place in early 2017, just before the crypto hype train took off and XRP<\/a> rose to over $3 per token.<\/p>\n

One crypto analyst claims that this type of behavior is the signature of a “classic bottom” formation, suggesting that the downside for Ripple in the future is limited.<\/p>\n

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$XRP<\/a><\/p>\n

Monthly is about to close. Looking at the SPF\/2017 pre-final pump accumulation lows sweep and this capitulation volume, this looks like a classic bottom signature, or what one would expect it to look like.<\/p>\n

I am fairly sure Ripple is retesting 0.58 cents in 2020 (Q4) pic.twitter.com\/ukY3LJfgut<\/a><\/p>\n

— Atomic Goon \ud83d\udef8 (@iam516tv) March 31, 2020<\/a><\/p><\/blockquote>\n