{"id":60262,"date":"2020-02-10T12:04:41","date_gmt":"2020-02-10T10:04:41","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=60262"},"modified":"2020-02-10T12:04:41","modified_gmt":"2020-02-10T10:04:41","slug":"xrp-price-rallying-past-30-cents-analysts","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/xrp-price-rallying-past-30-cents-analysts\/","title":{"rendered":"XRP&#8217;s Price Could Soon Start Rallying Past $0.30, Analysts Say"},"content":{"rendered":"<h2><strong>XRP Could Jump Dozens of Percent if it Clears $0.281<\/strong><\/h2>\n<p>According to NekoZ, traders of XRP should have their eyes on the charts right now, for the price of the cryptocurrency is approaching a very key range.<\/p>\n<p>The well-known trader and crypto entrepreneur <a href=\"https:\/\/twitter.com\/CryptoNekoZ\/status\/1226681940100517888\" rel=\"nofollow noopener\">wrote<\/a> in a recent analysis that he is &#8220;watching XRP here&#8221; as a &#8220;convincing print [above $0.28133] here on the daily would create a baseline for those 3 targets,&#8221; pointing to a chart in which he depicted the asset rallying to $0.295, $0.313, and $0.332.<\/p>\n<p>He added that as the cryptocurrency has been a &#8220;poorer performer than other majors&#8221; over the past few weeks, he could see XRP rallying quite hard, thus catching up with other digital assets.<\/p>\n<p>https:\/\/twitter.com\/CryptoNekoZ\/status\/1226681940100517888<\/p>\n<p>The importance of the $0.28 level has been echoed by another prominent market commentator, TraderSmokey.<\/p>\n<p>Though, while Neko still seems to be cautious about whether or not XRP is cleared to rip higher due to the $0.28 resistance, Smokey seems to be convinced of the bull case.<\/p>\n<h2><strong>Others Are Even More Bullish on XRP<\/strong><\/h2>\n<p>He recently noted that XRP just closed a weekly candle above the key $0.28 resistance level, which is \u201chuge\u201d in his opinion. The reason: $0.28 has been a key price point for the cryptocurrency over the past few years, acting as macro support and resistance on a number of occasions.<\/p>\n<p>The fact that it flipped $0.28 into a support on a weekly (long-term) basis means that XRP\u2019s trend is turning positive once again.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$XRP<\/a> USD Pair closed the weekly above 28 cents, that&#39;s huge imo.<\/p>\n<p>I think XRPBTC could start performing better too now, simply because this is such a big level on the USD Pair. <a href=\"https:\/\/t.co\/VJkGTcc4fd\" rel=\"nofollow\">pic.twitter.com\/VJkGTcc4fd<\/a><\/p>\n<p>&mdash; Smokey Hosada (@BeegSmokey) <a href=\"https:\/\/twitter.com\/BeegSmokey\/status\/1226660209709518848?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">February 10, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Case in point:\u00a0Brave New Coin\u2019s<a href=\"https:\/\/twitter.com\/CarpeNoctom\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-wpel-link=\"exclude\">\u00a0Josh Olszewicz<\/a>\u00a0recently<a href=\"https:\/\/en.ethereumworldnews.com\/analyst-expects-20-xrp-explosion-price-bullish\/\"> laid out a confluence of reasons why XRP could soon break higher:<\/a><\/p>\n<ul>\n<li>XRP has broken above the Kumo band of the Ichimoku Cloud indicator, suggesting a bullish trend.<\/li>\n<li>The 200-day exponential moving average has been passed by the price of the asset. The 200-day EMA is often seen as a key reversal point for many assets.<\/li>\n<li>The cryptocurrency is looking poised to invalidate a 700-day bearish pitchfork formation in the near future, meaning that there will be much less resistance and that the multi-year downtrend will have been broken.<\/li>\n<\/ul>\n<p>Also, there&#8217;s the fundamental story of <a href=\"https:\/\/en.ethereumworldnews.com\/bullish-xrp-narrative-ripple-key-partnership\/\">Ripple partnering with International Money Express (also known as Intermex)<\/a>, which is a leading money remittance and financial services company listed on the NASDAQ under the ticker IMXI.<\/p>\n<p>The partnership sees Intermex begin to use Ripple&#8217;s flagship product, On-Demand Liquidity (ODL) for remittances.<\/p>\n<p>This is notable in the context of the asset as the product uses the cryptocurrency as a sort of base layer or currency for the transaction, which helps to offer &#8220;faster, transparent cross-border remittance services between the United States and Mexico.\u201d<\/p>\n<pre>Featured Image from Unsplash<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>XRP Could Jump Dozens of Percent if it Clears $0.281 According to NekoZ, traders of XRP should have their eyes on the charts right now, for the price of the cryptocurrency is approaching a very key range. The well-known trader and crypto entrepreneur wrote in a recent analysis that he is &#8220;watching XRP here&#8221; as a &#8220;convincing print [above $0.28133] here on the daily would create a baseline for those 3 targets,&#8221; pointing to a chart in which he depicted [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":60176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4656],"tags":[188,83,162,7764,6957],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/60262"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=60262"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/60262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/60176"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=60262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=60262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=60262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}