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XRP’s Strong Bullish Momentum Could Push Its Price to $5.5

Published 03/11/2023, 14:47
Updated 03/11/2023, 15:15
XRP’s Strong Bullish Momentum Could Push Its Price to $5.5
XRP/USD
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Coin Edition -

  • XRP’s monthly chart indicated that there is strong bullish momentum backing the altcoin’s price.

  • EGRAG CRYPTO predicted that XRP could look to target $0.80 very soon.

  • At press time, XRP was worth $0.6042 after its price dropped 1.03% in the past 24 hours of trading.

The well-known cryptocurrency analyst and trader, EGRAG CRYPTO, shared in an X post today that he is excited about what the price of Ripple (XRP) will do next. The analyst pointed out in the post that XRP is currently trading in a very strong upward trend on its monthly chart.

Additionally, EGRAG CRYPTO pointed out that the remittance token is trading comfortably above the 21 EMA, which suggests strong bullish momentum backing XRP’s price. The analyst predicted that the next milestone for XRP will be $0.80 and then $1.3, but highlighted that these targets will only be the tip of the iceberg.

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