Popular Analyst Predicts XRP Price That Will Reach $ 0.33 Soon!

Bitcoin price has resumed its path to a new all-time high, and renewed upward momentum is pulling altcoin prices higher. The king coin and other altcoins have traded in the green and are still going strong.

Some of the altcoins like Litecoin (LTC), Cardano (ADA), Ethereum Classic (ETC) rose significantly by more than 10%. It seems that Ripple’s XRP price is following the same trend. The price of Ripple (XRP) had risen sharply last week, gaining over 18%.

Analyst bullish on Ripple – XRP price rally towards 1

Popular crypto strategist and creator of AMTV, Christopher Greene believes that Ripple Price will soon crack $ 1.

Well-known trader and crypto analyst Scott Melker is optimistic about the fourth largest cryptocurrency. In a recent tweet, the analyst with Twitter trading Wolf Of All Streets claimed that XRP can rise to $ 0.33, up over 22% from its current price of $ 0.27.

According to data from the popular crypto tracking tool Santiment, the number of whales invested in XRP has risen sharply. According to the report, current XRP holders have hit an all-time high of 17,625 with more than 1 million tokens.

Bitrue Exchange fuels Ripple rally

The leading crypto financial platform Bitrue has announced that it will raise the interest rate for users who want to use Ripple’s native token XRP. The annual percentage (APR) for XRP on the PowerPiggy tool is now set at 5.3%.

Ripple price analysis

At press time, XRP is trading at $ 0.299635 at 11.51%. Ripple currently holds a market cap of $ 13,581,915,251 with a trading volume of $ 4,895,148,654.

Since November 13th, the XRP price has had a notable breakout from the ascending triangle pattern that has formed. Ripple price broke the first major resistance level at $ 0.2764 and the second major resistance level at $ 0.2831.

In the series of an extended rally, XRP price could test the second major resistance level at $ 0.3041. On the downside, failure could drop the price to $ 0.2819 with the first major support level at $ 0.2739.

However, the initial price target is $ 0.30. According to the indicators, Ripple could look for a pullback on the verge of a correction in the short term.

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