According to Robert Art, a cryptocurrency analyst in a tweet on June 19, 2019, he is currently gauging a possible $7 price on Ripple’s XRP chart.
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The analyst is not the only one who is extremely bullish about the third largest cryptocurrency by market cap because the comments on his tweet show that the crypto community is also expecting a significant bull run for XRP.
Ripple’s Partnership with MoneyGram Spikes Major XRP Focus
Ripple’s XRP has been a major point of focus of late and that can be tied to a number of reasons. Notable among them is Ripple’s announcement of its strategic partnership with MoneyGram, one of the world’s largest money transfer companies in a $50 million deal. It directly had an impact on XRP’s price which surged from $0.40 to $0.45, even though it is currently trading around $0.43.
However, recent tweets from crypto traders reveal the bullish sentiment in the air.
A good number of those who made comments were quick to agree with his notion with some predicting as far as $7.5 and $10 respectively. Whether either of these is achievable, is left for the future to decide.
More Crypto Analysts Predict XRP’s Bull Run
Like Robert, Sir Gordon Gekko on May 27, 2019, also predicted that XRP has the potential to hit $7 a few weeks from now. In his opinion, what was evident in 2017 (when the golden cross was hit which set XRP’s price at $0.20 and then at $3.50) will be evident again. He outlined that the first golden cross in 2019 was hit at $0.40 and the next one could spike XRP to $7.
There’s also the prediction of The Cryptomist from June 2, 2019, to fall back on. At the time, the cryptoanalyst had stated that: “Once more we are testing resistance as reach the apex of the pennant This looks good, I can only see $Btc volatility disrupting this from the first target mentioned a few days ago, at 51cents.”
High Expectations on What XRP Can Achieve Independent of BTC
Based on these prognostications, one can conclude that expectations are high at this point on what XRP can possibly do. It is also remarkable to note that the possibility of this happening has not been tied to a surge in Bitcoin’s price. As a result, the attention isn’t only on Bitcoin.
Source: ZyCrypto (https://zycrypto.com/crypto-analysts-are-projecting-xrp-at-7-in-the-next-few-months/)