Since Friday, the cryptocurrencies market has gained a lot, with all the big crypto coins registering major gains. Bitcoin (BTC), for example, has raised over $8,800 and is trading now at $8,882, with a 0.41% loss. In general, all the other cryptos followed the BTC uptrend and traded higher than last week. The same is applicable to Ripple (XRP) which has a positive sentiment surrounding it. Can XRP reach $1?
Well, as almost all the crypto coins are trading higher, this might be seen as a gain as a market, more than a gain of a particular asset. However, some assets behave better, while others registered losses.
Just as a short reminder, today, Ethereum (ETH) is trading at around $639 and gained 0.14$, Bitcoin Cash (BCH) $1,368.49 and gained 10.60%, while Litecoin (LTC) has gained 0.52% and is trading at $150.
Ripple (XRP) Price
The positive cryptocurrencies market’s momentum helped Ripple (XRP) to rise above $0.90, a price above which XRP hasn’t been since March.
Currently, Ripple (XRP) is trading at $0.86, registering, at this moment, a 2.21% loss. Despite this slight downtrend, XRP is expected to go towards $1.
Some more optimistic analysts have even stated that XRP can double its price in the near future, so, it is clear that the Ripple (XRP) is recovering faster.
Ripple (XRP) is surrounded by a bullish sentiment
Many traders consider that XRP will consolidate above $0.90, in short-term, but, on the other hand, without maintaining the level above $0.83, Ripple (XRP) will fall towards $0.77.
Also, it seems that the cryptocurrencies traders consider that Ripple (XRP) will uptrend. More specifically, around 78% of them think that XRP is going to hit $1 level soon. Thus, the Ripple (XRP) is surrounded by a bullish sentiment which might indeed keep the coin in its uptrend.
In conclusion, Ripple (XRP) is sustained by the community and the cryptocurrencies traders and this is a very important piece of the puzzle for the coin to gain even more. Therefore, it is possible that XRP to trade around $1 soon.