The XRP traders turn bullish as the XRP price keeps hovering below $0.30 while the overall market sentiment regarding the coin is also bullish as we are reading in the price news today. The crypto traders are waiting for various movements in the price in the short term but all seem to bet on the XRP surge and some analysts even predict the $0.46 level to be the support level for the coin.
The Dutch analyst Micahel van de Poppe explained that the XRP traders turn bullish stated that the situation will be okay for this cryptocurrency. The expert pointed out to a Support Resistance flip on the charts saying that XRP still has to hold above the $0.25 in order to keep rising to $0.46 which could be possible to reach a new high of $0.60.
The Twitter user @mrlevelup shared another bullish view in the price news on XRP on his Twitter page which shows many similarities between the charts from 2017 and a chart from 2020 where we can see that the market is now at a similar point as it was back then when XRP surged.
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The twitter user expects XRP to soar and to provide details in a video that he posted in the twitter comment threat.
The financial analytical agency Weiss Ratings back a few days ago, published a post criticizing the head of the blockchain giant ripple after the CEO of Ripple Brad Garlinghouse got trashed for saying the cryptocurrency will not be able to function without banks and that getting bankers on board is extremely important for the future of the cryptocurrency. Weiss Ratings supported the opinion in the crypto space that Ripple will unlikely replace banks:
“#Ripple CEO Brad Garlinghouse said that stressing compliance is key to getting bankers on board with #crypto. We don’t need bankers to get involved in the crypto. Maybe he and his company do, but the space doesn’t. Crypto doesn’t need banks, because crypto will replace them.”
Brad Garlinghouse was in an interview when he commented that there are too many crypto assets out there. There are about 3,000 different digital assets that are trading on a daily basis.
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