Analyst Says $0.8 and $1 Are Unlikely, Recommends Best Ripple Rival to Buy Today
As investor enthusiasm builds for Ripple, questions about XRP climbing to $0.8 or $1 increase.
This cryptocurrency, said to rival Ripple, has big growth potential. Is it the correct DeFi token to purchase today? We'll see.
XRP, which many doubt will reach $0.8 or $1 soon.
The costs are low, particularly for modest investors who want to build money.
XRP Price Targets $1 But Falls Due to Technical Factors
Ripple (XRP) has traded between $0.559 and $0.598 for a while. In one day, it rose almost 4.5%, liquidating $1.14 million in short bets.
More traders went long futures after this rise, expecting price gains. However, the price reversed, prompting $241,700 margin calls on long holdings. XRP is trading at $0.5899, up over 4% in a week.
Technical charts show Ripple (XRP) trading above the 200 EMA, indicating an upward trend. Since DeFI crypto has additional hurdles to overcome, it may not reach $1.
