Popular Analyst: “Three-Year Bear Market on Ripple Now Could Find An End”
A popular crypto currency analyst and known as the traders Pentosh is , Rippin (XRP), Bitcoin (BTC) and Ethereum (ETH) Similar to the large volume of assets, such as, claimed he could soar in the coming weeks.XRP’s long-anticipated bull run is predicted to begin with the price of XRP rising from $ 0.30 to $ 0.33. For now, XRP, which is rising with slow movements compared to other crypto currencies, stated that it can gain momentum in a short time, similar to the leading crypto, according to the popular analyst.
According to the chart shared by Pentoshi on Twitter, it is stated that the bear market, which has been going on for about 3 years, will end and a bullish reversal pattern will form.Also, according to Pentoshi, as XRP has repeatedly set a resistance certificate between $ 0.30 and $ 0.33, it will break this resistance zone in its next attempt and the long-awaited bullishness of the XRP investor will gain momentum.
“To be honest, the uptrend seems imminent. I am sure that the indicated area will not act as resistance again. “
XRP underperformed its other competitors for most of 2020. Ethereum , which has been traded at $ 386 as of writing, to the data provided by CoinMarketCap , has increased by over 210% within a year.Bitcoin, which is in the leading position in terms of market value, gained more than 90% in the same period. Considering that the price of XRP was around $ 0.19 from the beginning of 2020, XRP, which gained 30% throughout the year, is growing slower than its competitors.
XRP is located in a region that is significantly lower than its all-time high of $ 3.84. The rise of XRP, which has many investors from the peak, has long been expected. Investors who suffer serious losses and do not want to exit cryptocurrency are very persistent in waiting for XRP’s potential rise.