By Tobi Loba
The price of Ripple’s digital token, XRP has just made a significant move to break above $0.2 resistance level. Some cryptocurrency analysts are of the opinion that the digital currency would continue the trend to the top prices in the coming days.
The notable increase has made XRP solidify its position as the third-largest digital currency in the market, which was threatened by the surprising growth of the stablecoin, Tether (USDT), a couple of days ago. XRP stands at $9,147,330,640 market capitalization at the time of publication.
Crypto Michael Sees XRP at $0.25
A popular cryptocurrency analyst, Michael Van de Poppe, popularly known as Crypto Michael, has recently hinted his opinion regarding the price trend of the Ripple’s digital token XRP in two consecutive tweets.
In the first tweet, he showcased his curiosity about the price of XRP, probably to catch the attention of teeming community members, simply referred to as XRP Army.
Michael shared this, “Ripple? XRP?”
Ripple?$XRP?
— Michaël van de Poppe (@CryptoMichNL) April 28, 2020
In the second tweet, he shared his take regarding the expected price trend of the cryptocurrency. In the tweet, Michael made a comparison between XRP and Stellar Lumens (XLM), stating that the present move of XRP looks so much like XLM’s trend before surging to the high inside the range.
Michael looks forward to seeing the price of XRP pumping towards 3,000 and then 3,300 Satoshis ($0.23 and $0.25). However, he averred that there is still a possibility for a slight pullback.
Captioning a chart for illustration, he wrote:
“XRP RIPPLE. Holding the green zone for support here. Looking identical to XLM before that one surged towards the range high. Might pull back a little, but targets are generally 3000 and 3300 satoshis.”
Holding the green zone for support here. Looking identical to $XLM before that one surged towards the range high.
Might pull back a little, but targets are generally 3000 and 3300 satoshis. pic.twitter.com/eET71JVNkh
— Michaël van de Poppe (@CryptoMichNL) April 28, 2020
As aforementioned, XRP, the third-largest cryptocurrency by market cap, has been fairing in terms of price, over the past hours. At the time of filing this report, XRP is trading at $0.208557, with a 5.56% price increase in the last 24 hours.