Analyst predicts XRP to surge in the short term – Ripple Price News

Crypto analyst predicts that XRP's price is likely to surge in the short term. The analyst noted that the price of XRP broke the rising wedge and found weak support at $0.3100 level. The Ripple is also hosting its annual Swell conference this month that could help XRP.

Trend analyst ClubCrypto noted that the price of XRP broke the rising wedge and found support at $0.3100 level. MA100 will also cross MA200 in the short term. The analyst also pointed out that this move could also trigger a dump from the Ripple.



Ripple: good buy opportunity on the road after correction by ClubCrypto on TradingView.com

Another bearish news for Ripple’s XRP is that the Ripple is set to unlock 1 billion XRP tokens before the Ripple’s annual Swell conference. If bitcoin fails to maintain positive momentum, then also the price of XRP could retract.

According to the analyst, the next support is at $0.2700 area, which represents a good buy opportunity for the investors.

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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