{"id":59305,"date":"2020-01-06T21:49:24","date_gmt":"2020-01-06T19:49:24","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=59305"},"modified":"2020-01-06T21:55:23","modified_gmt":"2020-01-06T19:55:23","slug":"analyst-30-cents-works-xrp-price-surges","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/analyst-30-cents-works-xrp-price-surges\/","title":{"rendered":"Analysts Think $0.30 Is In the Works As Ripple’s XRP Surges 12%"},"content":{"rendered":"

After weeks and weeks of price depreciation, XRP has broken out as of Monday morning, surging higher and higher as buyers step in and not on the back of any fundamental news event.<\/p>\n

As of the time of writing this article, the third-largest cryptocurrency has pressed 12% higher in the past 24 hours, hitting the $0.22 price point for the first time in weeks. This means XRP is outpacing Bitcoin, which is up a relatively mere 1% in the past day, and Ethereum, which has registered a 2.5% gain.<\/p>\n

While a 12% gain every single day isn’t sustainable from a multi-day perspective, a number of analysts are sure that the asset’s rally is just getting started. In fact, a number of analysts are targeting $0.30 \u2014 36% above the current market price.<\/p>\n

XRP Ready to Extend Higher?<\/strong><\/h2>\n

Cryptocurrency and asset trader Brian Beamish posted the below tweet on Twitter after the surge began, noting that “setups and continuing to set up.”<\/p>\n

What he is referring to is the fact that XRP’s indicators have begun to flash bullish in accordance with his trade, which concludes that XRP could hit $0.30 in the coming weeks, likely by the end of this upcoming March.<\/p>\n

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$XRP<\/a> fan or not, setups continuing to setup #dang<\/a> pic.twitter.com\/1Asv4U5udr<\/a><\/p>\n

— Brian Beamish (@CRInvestor) January 6, 2020<\/a><\/p><\/blockquote>\n