XRP Could Skyrocket In The Near Future According to Recognized Ripple Coin Analyst
- XRP could move upwards according to analysts
- The Crypto Dog and Michael Arrington are bullish on it
XRP could eventually surge once again after several months operating negatively in terms of BTC.
After having a good end of the year in 2018 compared to the overall crypto market, 2019 started with a bear trend if we have a look at how many different digital assets have skyrocketed since then.
According to The Crypto Dog, a recognized analyst and trader, XRP is expected to move massively. Nonetheless, XRP could bottom once again before surging.
XRP Could Move Upwards Once Again
The analyst shared a chart in which it is possible to see a symmetrical triangle pattern that would solidify the breakout over the impending period of time. Moreover, The Crypto Dog said that he is holding “generous amount of XRP” at this time after he answered to Michael Arrington, the Founder of XRP Capital.
Arrington explained that they were also going to diversify their portfolio and include Bitcoin (BTC) as well. He mentioned that they took this decision because they are “denominated in XRP” and because their “LPs are mostly large XRP holders.” However, he explained that they are particularly bullish on XRP right now.
At the time of writing this article, XRP is the third largest digital asset in the market. CoinMarketCap reports that it has a valuation of $16.81 billion and a price of almost $0.4. In the last 24 hours, the digital currency lost 2.83%.