XRP price analysis, is it promising or disappointing?

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Cryptocurrencies have had a good summer of price action generally, some in dollars and some in pennies, but XRP experienced a better increase, going from 18 to 30. Although with taking a precise look at XRP price analysis it seems promising, but some analysts have reasons to call it a disappointing coin.
After tracking mostly sideways to slightly down in price from May to July, one can see the late July breakout. XRP had been unable to rise above the Ichimoku cloud for weeks but then got there easily on some volume. It looks like the selling that comes in at above 31 is likely to be notable enough to prevent further upside, at least for now. Like the other cryptocurrencies, XRP has a long way to go to make it back up to the early 2018 highs. What’s amazing here is the increase in buying volume that is shown for this summer. The other thing is that price may be about to break above the weekly Ichimoku cloud for the first time in a couple of years. It’s likely to happen.
The dramatic drop in price is clearly evident on the monthly time frame — from the January, 2018 peak until the much lower present. The shorter-term time line is just now crossing above the longer, a positive sign on that measure. Whether it turns out to be an actual buy signal remains to be seen.
On the other hand, some analysts think that XRP may be obsoleted. Crypto analyst Timothy Peterson of Cane Island Alternative Advisors has shared a densely packed price analysis of XRP. According to him, XRP may never reach the $1 value let alone $10. He provides two reasons why XRP’s future value looks stagnant. To begin with, he suggests to notice that there is XRP user growth. Secondly, digital fiat is a big threat to XRP. So to sum up his analysis, he highlights that XRP is one of Grayscale’s smallest funds thus indicating there is no investor interest in the remittance coin.

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