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Is XRP Set to A Fresh All-Time Highs?

XRP all time high

No doubt, XRP is among the major altcoins that fail to perform well in 2019, but it’s a recent market performance signal for replicating its glory days.

Recently, XRP successfully incurred a few remarkable momentums in the previous month. As a result, the crypto gained a stable support within the $0.20 level. According to crypto analysts, the altcoin can either trade above the critical level that the bulls need to protect or does a parabolic rally towards its established all-time highs (ATH) in the near future.

XRP Tries to Bounce Back and Regain ATH

After climbing to $3.02 back in January 2018, XRP paved its way to becoming the third-largest crypto asset by market capitalization. Apart from that, many people in the crypto space see an exciting future for the crypto.

However, XRP began to slide down slowly. After losing more than half of the ATH value, the crypto asset has seen with awful market performance. Last year, the XRP’s price kept on hovering near the $0.20 level for several months.

At the time of writing, the crypto is trading at $0.234. If you have noticed, XRP has been bouncing back from lows below the $0.22 region. On the other hand, it failed to underperform Bitcoin (BTC), which currently enjoying the $9,400 price surge.

Despite the painful market performance in 2019, XRP is expected to have an incredible 2020.

Based on seasoned crypto analysts’ predictions, 2020 can be a good year for the entire cryptos, especially to the altcoins. That is due to the upcoming halving of BTC by May. Remember that as BTC rises, many altcoins are propelled to rise with the biggest cryptocurrency.

Could XRP Finally Make It to $1 This Year?

Apart from the impact of BTC halving, the developmental projects around XRP will help in regaining the $1 mark.

Months ago, Ripple made an announcement about its partnerships with a lot of companies across the globe. In fact, it’s a partnership with MoneyGram helps XRP to reach a 14% climb. The aforementioned 14% rise made the cryptocurrency to become the 2nd highest gainer in terms of market valuation.

Other than MoneyGram, Thailand-based bank Siam Commercial Bank also got a partnership with Ripple. The said partnership will introduce the bank’s six million users to XRP via the banking app, which is expected to increase the crypto’s daily trade and exposure.

Despite the massive fluctuations, XRP successfully maintained its $0.20 mark. Now, as it gains momentum along with a number of developmental projects, XRP is poised to hit a $1 mark or even more before 2020 ends.

A number of analysts have already expressed their opinions that XRP can recover its price levels above the $0.30 level as well as consolidate between $0.3 and $0.50 levels this 2020. It is necessary for the crypto asset to perform well in the market since 2020 will act as among the base for the next rally in 2021. So, many folks are now anticipating great news from XRP.

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