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South Korea’s main exchange moves over fifty million XRP, while its price is expected to reach a hard-to-believe level in a year or two
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- Bithumb moves $ 10,967,503 in XRP
- XRP price is forecast to hit $ 5
Despite Bitcoin’s price breakout and then slipping back below the $ 9,000 mark, XRP remains at the $ 0.21 level, after recently dropping from $ 0.23.
XRP price forecasts have been optimistic lately. In the meantime, huge amounts of XRP have continued to advance crypto exchanges.
Bithumb moves $ 10,967,503 in XRP
Recent data provided by The XRPL monitor says that during the last twenty-four hours, 51.5 million XRP were transferred by the main South Korean exchange.
Bithumb has transferred over fifty million XRP (almost $ 11 million) between its addresses. The largest amount transferred at one time was XRP forty million.
XRP price is forecast to hit $ 5
The cryptocurrency trader named “moon333” on Trading View has shared his forecast, saying he expects the third-largest coin to hit the astronomically high level of $ 5 in the next year or two.
The operator observed several important indicators, citing the Falling Wedge pattern, in which XRP has been moving since 2018, as the main one.
“Here we can see one more thing: the indicator of the relative strength index (RSI) sold in excess in January 2020 and in March it was again very close to the oversold zone and has now turned bullish.” And if we look at the XRP price action, you can easily see that the price line has also formed a double bottom, which is another very powerful bullish sign. ”
The operators in the comment thread support this forecast, saying they have a similar opinion.
Twitter user @ gordongekko369, however, offers a more modest forecast, saying XRP is heading towards the $ 0.37 area. The third largest crypto, he believes, is forming a Diamond Bottom pattern.
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