Ripple’s XRP has seen some phenomenal rally over the past two days especially the XRP price exploded yesterday
In the last two days Ripple’s XRP saw a huge rally, particularly yesterday the XRP price exploded. There is no question that XRP holders have waited a long time for this moment and momentum, because since prices have dropped off at their alltime high, XRP has never seen its golden days. Other crypto coins such as Bitcoin and Ethereum were more than twice as large, and XRP was very much underwater.
So what can the XRP price really push for investors? Well, we’re still dealing with SEC’s XRP case, and it will be very difficult to see a serious rally as long as that threat continues. What I want to say with a serious rally is that XRP not only crosses the 3 dollars prize but also goes to $5 or more. The other challenge is that XRP needs to work seriously on cross-border payment systems, as we saw some positive news flows in recent years.
Technically speaking, we have seen the price of the XRP break down from its three-year consolidation pattern, and so we can easily see the price of XRP rise by at least another 50 cent, which means the price of the XRP will go up to 1.30.
