Ripple XRP will be able to rise in value in the near future, according to analyst CJ.
Ripple XRP manages to break through on a large scale: Details
Ripple XRP will be able to significantly rise in terms of cost, as noted by well-known analyst and crypto-commentator CJ. In recent days, the situation in the crypto market has not been the best. After peaking last week, many digital assets, including the Ripple XRP, have not experienced a better situation. Ripple XRP then suffered very significantly, falling from a maximum. However, analysts are optimistic about the Ripple XRP, pointing to indicators that show a rise in the near future.
— CJ (@IrnCrypt) February 22, 2020
A well-known expert and commentator CJ recently noted that the Ripple XRP chart shows the likelihood of an upcoming major breakthrough. The graph shows that the cost of the Ripple XRP over the past two weeks has shown a falling wedge model, which is now reaching a new level. The end of the wedge, as noted by CJ, ends at the top of the demand zone, which can act as support, and this increases the likelihood of an increase in the price of the Ripple XRP. At the same time, such a technical indicator for raising the cost of the Ripple XRP is not the only one.
Earlier it was also known that the UAE bank RAKBANK plans to use RippleNet to increase the volume of money transfers in the Philippines.