Renowned cryptocurrency analyst CrediBULL Crypto believes that XRP's upward momentum will still manifest itself on an extended time frame.
XRP began its price recovery after falling to $1.768 on February 3. The altcoin's rebound was indeed significant and instilled confidence in investors that this trend would gain strength and raise the price to new heights.
XRP's ascent faced resistance at the $2.832 level, where the altcoin reached a local maximum and encountered selling pressure. The analyst believes that a consequent drop in value may lead to an even greater decline to lower support.
The crypto analyst noted that the price $XRP could fall to $2.2, and possibly even to $1.77, especially if the bears remain in the majority. Despite this, the overall forecast for XRP remains optimistic for him.
#Ripple was one of the most effective cryptocurrencies at the beginning of this year, as during the New Year rally, the altcoin rose by approximately 70%. The January surge allowed the token to set a new annual high, close to the record value of 2018 at $3.4.
