XRP’s Robust Bullish Momentum Might Push Its Value to $5.5

• XRP’s month-to-month chart indicated that there’s robust bullish momentum backing the altcoin’s value.
• EGRAG CRYPTO predicted that XRP might look to focus on $0.80 very quickly.
• At press time, XRP was price $0.6042 after its value dropped 1.03% up to now 24 hours of buying and selling.

The well-known cryptocurrency analyst and dealer, EGRAG CRYPTO, shared in an X put up in the present day that he’s enthusiastic about what the value of Ripple (XRP) will do subsequent.  The analyst identified within the put up that XRP is at the moment buying and selling in a really robust upward development on its month-to-month chart.

Moreover, EGRAG CRYPTO identified that the remittance token is buying and selling comfortably above the 21 EMA, which suggests robust bullish momentum backing XRP’s value. The analyst predicted that the following milestone for XRP shall be $0.80 after which $1.3, however highlighted that these targets will solely be the tip of the iceberg.

The subsequent “moonshot targets” that the altcoin is predicted to achieve are $2.8 and $5.5. Nonetheless, at press time, XRP was nonetheless solely buying and selling at $0.6042 after its value dropped 1.03% up to now day, based on CoinMarketCap. This got here after the token was in a position to set a excessive value of $0.6241.

In the meantime, XRP’s 24-hour buying and selling quantity was in a position to climb by 0.45%, permitting it to rise to $1,776,722,083. Regardless of its newest value slip, XRP’s longer-term success was nonetheless evident in its weekly and month-to-month efficiency.

The altcoin’s value surged by greater than 9% up to now week. Moreover, XRP’s value was up by 11.26% on its month-to-month time-frame as effectively.

XRP was in a position to overcome the $0.5725 resistance degree over the previous few days and flipped the extent into assist consequently. The remittance token’s value then continued to climb and was trying to try a problem on the subsequent barrier at $0.6405. Nonetheless, it was solely in a position to attain a excessive of $0.6262 yesterday earlier than the bears began offloading their XRP.