'Breaking $0.55 gives tremendous momentum since XRP will be above the weekly Ichimoku Clouds, which will be highly Bullish,' Dark Defender said.
Some analysts suggest XRP could reach an all-time high of $5.85.
Dark Defender noted that XRP closed last month with a “doji,” suggesting this positive development could lead to “a re-test towards $0.66 in a couple of days.”that the coin has broken the initial resistance, meaning it is now ready to soar to the second resistance of $0.91. And while the price failed to keep the momentum in the following months, the enhanced volatility gave analysts the opportunity to lay out numerous predictions. Some, like EGRAG CRYPTO and Duo Nine, havethat the token could skyrocket above $500. It is worth noting that XRP’s market capitalization should soar to approximately $260 trillion for that to happen, meaning the prediction sounds rather impossible.
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