Bitcoin has just returned above $8,000, an indication the digital asset is set for a bull rally. As Bitcoin sees small uptick, cryptocurrencies like Litecoin and Ripple’s XRP are performing excellently among the top 10 digital assets.
As at the time of writing, XRP and Litecoin are changing hands at $0.42 and $115.57 with 0ver 5% and 12% growth respectively.
As XRP maintains its $0.4 value with strong support for some time despite the fact that the market is swinging back and forth, there’s high expectation the digital asset will see a surprising price increase.
Litecoin, in the same line, has been an awesome performer in the market. The digital asset has performed excellently in the last 24 hours.
Like Litecoin, the growth sentiments about Ripple’s XRP have been passed by different analysts at some point in time.
While many of these predictions are yet to come to pass, the recent opinion about Ripple’s XRP and Litecoin is giving crypto enthusiasts hope that the price of these digital currencies will soon skyrocket any moment.
Veteran Crypto Analyst Who Predicted 80% Price Decrease Sees Ripple’s XRP, Litecoin Clinching New Highs
Peter Brandt, a veteran cryptocurrency analyst, who predicted the 2018 80% Bitcoin’s price decrease, has made another forecast, and this time, he’s envisaging new highs for Ripple’s XRP, while saying Litecoin has completed a significant buy signal.
Brandt said the new recovery highs in XRP would be constructive with targets of 0.5688 and 0.6260, pointing the possibility of the digital asset clinching its news highs in 2019.
— Peter Brandt (@PeterLBrandt) June 6, 2019
Peter, who once said XRP market is being manipulated, is now seeing the possibility of the digital asset flying high. In the past, some analysts have also predicted that XRP would go to $10, however, the prediction has still not happened till now.
Meanwhile, Ripple Inc. is doing everything to increase the adoption of XRP through partnership with banks and other notable financial institutions across the globe.