The cryptocurrency market is seeing another surge in prices days after a major price correction. Bitcoin prices fell by 4% after breaking the key resistance of $8,000, however, the bulls again took charge over the weekend to take the prices of Bitcoin to as high as $8,900 on several exchanges. As soon as the prices of Bitcoin starts to gain momentum, the rest of the cryptocurrency market follow the suit.
However, there always some exception and for quite some time XRP was that exception, which was trying really hard to come out of the psychological resistance of $0.3. The crypto market has been bullish ever since the start of the year, however, it only started to make significant gains from, the start of April. Throughout the April surge, XRP failed to cling on to the ongoing bullish trends and finally broke out of the key resistance from the beginning of May.
XRP was the biggest gainer during the 2017 price peak, making a whopping 25000% gains, and now that it has become bullish breaking the key resistance of $0.40, many believe that XRP will enter into a massive bull run real soon.
If we look at the 24-hour price charts, the volumes of XRP suggest quite a bullish sentiment. The current bullish trends in the market have made many to start predicting the prices of Bitcoin and other altcoins again.
Famous Youtuber ‘The Bearable Bull’ Makes Bold Price Predictions
It is a well-known fact that people love predicting the price of Bitcoin and other altcoins even when the crypto markets are considered to be the most unpredictable ones. A famous youtuber who goes by the name of ‘The Bearable Bull’ made some bold predictions about Bitcoin and XRP. He says XRP might reach $5 to $10 in the next couple of days, while Bitcoin would touch the $10k mark in the coming week.
While the predictions about Bitcoin is still understandable given the fact that it has climbed from $7,700 to $8,800 on a single day, but the prediction about XRP looks unrealistic as the altcoin is currently trading at around $0.42 price mark.
The youtuber cited an article for his prediction which he found on Twitter. As per the article, the Wall Street Journal predicts the prices of XRP to touch $1000 by 2020. The article made the predictions in 2017, where it predicted the prices of Bitcoin, Ethereum and XRP to be $183,000, $17,000, and $1,000 respectively by January 1st, 2020.
The youtuber claimed that XRP would follow a similar price pattern to that of Bitcoin, and would reach $5 to $10 mark in coming few days. He went onto reflect on the statements made by Trump as well, where the United States President talked about a digital economy. The Bearable Bull believes that Trump’s recent love for Japan might bring in something great for the cryptocurrency space.
The Youtuber believes the ongoing trade-war between China and the USA along with the recent love of Trump for Japan is surely going to impact the crypto space in a good way.
Ripple CEO Bullish On XRP’s Future
Brad Garlinghouse, the CEO of Ripple says that the future lies in cryptocurrency and banks around the world has to turn towards cryptocurrencies like XRP to meet the demands of the consumer base. Garlinghouse during his podcast appearance on Recode Decode with Kara Swisher and touched upon various developments on the Ripple network.
Brad also claimed that they are working with regulators and financial institutions to pave the way for mass adoption. He went onto claim that most of Ripple’s partners are more than satisfied with what they are offering. Ripple has made significant strides towards global adoption by partnering with more than 200 commercial and central banks around the world. Some of the most famous Ripple-made banking solutions include RippleNet, xRapid and xCurrent, which promises lightning fast transaction speeds and negligible fees.
- Source: First Appeared Here
- Published Time: 2019-05-28 16:49:53
The views and opinions expressed in the article Youtuber Makes Bold Predictions, Puts Ripple at $1,000 XRP/USD When BTC is $183,000 USD do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research.
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