Unlike the other Ripple cryptocurrencies, XRP’s price has risen over the course of a day. The altcoin has risen by more than 3% over the past 24 hour and is currently trading at $0.5668. The altcoin has seen a huge drop in the past week. This month, however, could bring new potentials for the asset.
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XRP’s Latest Performance And Future Forecasts
Expert Analysis By Mando CT
Some experts were able to see the positive side of XRP’s price drop. Mando, a well known Bitcoin analyst revealed the calculated move made by Mando in X. He stated that XRP has been preparing itself for a break-through while accumulating a large amount of XRP.
A historical XRP graph was included in the post, showing its notable price ranges as well as a triangle-shaped pattern. Mando said that the downward trend would turn positive soon. He thinks XRP could surge up in a parabolic fashion following the breakout.
Mando’s projections also include a possible price explosion. Analyst Mando has a price target of $2 for XRP. XRP, at its current value, would give investors a 252% profit if the price were to reach $2. XRP last hit $2 in 2018, the year it reached its record high of $3.84.
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XRP Predictions: Price of XRP
Ripple XRP will enjoy a positive month. Changelly’s data indicates that the altcoin should enjoy double-digit growth starting on 5 September. According to Changelly, the altcoin will trade at a price of $0.729581 by this date after an increase of 31.72 percent from its present value.
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Source: watcher.guru