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XRP to Skyrocket by 800% in the Coming Months, Analyst Predicts




Following a high March, XRP has been on a continuous losing streak since then. However, a pseudonym crypto analyst has recently projected that Ripple’s native would hit the high of $3.82 in the coming months.

XRP Price Analysis

Currently trading at $0.42, XRP is down 0.16% 9ver the week, while in the meantime Bitcoin has lost value by 1.8%. Though the past week Bitcoin failed to maintain a $27k support level, XRP on the other hand continued to trade above $0.41. In May, however, XRP has gone down by 10.6% in comparison to Bitcoin which has seen a decrease of 7.5%.

It seems that XRP is currently in a correction phase. After hitting a high of $0.58 in March, XRP has gone down by 18%. With Bitcoin trading just above $27k, it is highly likely that XRP may get bullish as the premier cryptocurrency push upwards.

XRP to $3.82?

Recently an anonymous crypto analyst pseudonymously named Dark Defender projected on the social media platform Twitter that XRP would hit $3.82 in the coming months. According to the pseudonymous analyst, a breakout is likely to transpire after a 13-week bar period. This means that XRP would hit its peak in late August.

The analyst projected that Bitcoin would first break through $1.33 before the coin eventually targets $3.82. If XRP does go on to hit $3.82, it would be an approximately 800% rise from the current price level. The Dark Defender stated:

“I’ve never seen the XRP Community silent this much. This means XRP is ready.”

It is notable that the price mark projected by the analyst, $3.82, is fractionally below XRP’s all-time high of $3.84. This effectively means that the XRP would face resistance at $3.84 and may enter a long correction phase before the coin retests the all-time high.

Gracie Perez is a part of RippleCoinNews team since we started. she holds a degree in Computer Sciences. From 2017, She has pivoted her career towards blockchain technology, with principal interest in writing Cryptocurrency news and different guides. She is also working with different online media outlets.

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