{"id":57508,"date":"2019-10-17T15:30:07","date_gmt":"2019-10-17T13:30:07","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=57508"},"modified":"2019-10-17T10:34:17","modified_gmt":"2019-10-17T08:34:17","slug":"analysts-eye-xrp-price-boom-as-ripple-sees-positive-news-cycle","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/analysts-eye-xrp-price-boom-as-ripple-sees-positive-news-cycle\/","title":{"rendered":"Analysts Eye XRP Price Boom as Ripple Sees Positive News Cycle"},"content":{"rendered":"

XRP to Outperform Bitcoin?<\/strong><\/h2>\n

Over the past few weeks, altcoins have finally started to show some strength; Bitcoin dominance, according to CoinMarketCap, is now at 67% from the 72% peak seen earlier this year.<\/p>\n

While the momentum for altcoins is currently paused, analysts are expecting for this strength to continue, at least for XRP<\/a>, the third-largest cryptocurrency by market capitalization anyway.<\/p>\n

In a recent tweet<\/a>, a full-time trader at the Amsterdam Stock Exchange, Crypto Michael, said that since XRP\/BTC broke out a falling wedge structure, the chart for the cryptocurrency has been bullish. He argued that if the 0.00003550 (3550 satoshi) range holds, the pair could see upwards of 30% upside in the coming weeks and months.<\/p>\n

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

Still doing great since the break of the falling wedge structure and up 50% since that.<\/p>\n

As long as we maintain 3350 area (green zone) I'd be bullish on it.
Targets remaining in tact; 4000 & 4700. pic.twitter.com\/LSCiUVCZFb<\/a><\/p>\n

— Micha\u00ebl van de Poppe (@CryptoMichNL) October 17, 2019<\/a><\/p><\/blockquote>\n