MagicPoopCannon has announced its XRP price prediction.
Ripple (XRP), the third largest cryptocurrency by total market cap, has managed to enter the green zone again after a sharp decline. Despite the positive news from the Ripple front, after the Flare Network airdrop program, investors were seen to lose hope. However, XRP price has returned to its previous levels with the rise of Bitcoin and is currently on the rise.
Will XRP Price Repeat Its Old Rise?
XRP has gained 20% in the last 24 hours and ended its journey, which started at $ 0.45, at $ 0.56. However, it is estimated that this rise may continue further. Crypto money analyst MagicPoopCannon emphasized in a statement on Twitter that the XRP price could explode if the market continues like this.
The analyst also commented on other cryptocurrencies in the top 10 in his post on Twitter. Stating that XRP is the only coin that has experienced a decline in the last 7 days, the analyst stated that it seemed negative at first, but the price could explode after reaching the 61.8% Fibonacci retracement point.
Target for XRP is $ 0.90
The level that MagicPoopCannon draws attention to is $ 0.90. The analyst stated that once this point is reached, the price may rise even higher and that is entirely market dependent. It is known that the price level that XRP investors have been waiting for is $ 0.90. In the continuation of this, if the final goal is $ 1, it can really start the XRP rally.
The rate of posts about XRP on Twitter has also increased by 152% since November 2020. In other words, although the price of XRP has decreased with the airdrop, which has lost its effect recently, its awareness in social media is increasing again. Taking into account that the price of XRP is also a cryptocurrency that is in direct proportion to the interaction on social media, the price may indeed rise to the analyzed levels soon.
Everyone Is Talking XRP On Social Media
According to data published by eToro, one of the leading crypto exchanges, the 30-day Twitter average indicates that the number of users talking about XRP has increased from 1,622 to 4,084 daily. Another factor that excited investors was the fact that XRP did not correlate much with the price of Bitcoin, but that it moved together and rose in this latest rally. Perhaps the rise in XRP price may even be an independent movement from Bitcoin.
