Ripple and XRP continue to make headlines with the firm making great efforts to push the mass adoption of the digital asset, but also to promote the complete XRP ecosystem.
There are all kinds of optimistic predictions about the price of XRP and Ripple enthusiasts cannot wait to see all the company’s achievements mirrored in the price of the coin as well.
At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.256508.
XRP is up by 2% in the past 24 hours.
Ripple bullish prediction pops up
Crypto News Flash just noted that Ripple achieved numerous milestones in 2020 and the use of payment solutions such as On-Demand Liquidity (ODL) has increased significantly according to the last quarterly report, but there are still a lot of investors who are disappointed about the performance of the XRP price.
The online publication mentioned Cane Island Alternative Advisors analyst Timothy Peterson who seems to be bullish on 2021, saying that XRP will outperform Bitcoin.
He believes that XRP has already bottomed and the digital asset will definitely outperform BTC the next year. Check out what he had to tell his followers on Twitter:
I know it doesn't look like much but this is $XRP lowest price forward. I think people will be surprised at #Ripple's performance in 2021. It will probably have its best year since 2017 and maybe outperform #bitcoin. pic.twitter.com/sSwkPuS1Pl
— Timothy Peterson (@nsquaredcrypto) November 7, 2020
He continued and said: “Although Lowest Price Forward is strictly a price trend, I validated this trend with fundamental metrics from @coinmetrics.”
He said that XRP could hit $0.77 in 2021.
Peter Brand has his own prediction about the price of XRP these days.
“Dead cat bounce after 32 straight red days. The best trading practice is to be long the strongest member of a category when long, short the weakest when short. Don’t be long the weakest hoping upon hope to catch up,” he said as quoted by the online publication mentioned above.