XRP Price Could Reach $0.60 After Ending Two-Year Downtrend

Crypto trader Michael van de Poppe is convinced that the XRP price could surge to $0.60 if it manages to stay above the $0.25 level.

Crypto Michaël@CryptoMichNL

$XRP #RIPPLE

I think this one will do well, when $BTC calms down.

Broke a 2-year old downtrend on the $BTC pair and flipped back in the range on the $USD pair.

Holding above $0.247-0.25 and we could see continuation towards the range high at $0.47 and possibly $0.60.

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2:47 PM - Feb 9, 2020

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image by @CryptoMichNL

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XRP's downtrend is over 

XRP ended up among the worst-performing coins in 2019 after plunging to the $0.18 level in December. 

In 2020, the third biggest cryptocurrency might finally make a ripple. De Poppe explained that XRP has broken from its two-year downtrend against BTC, which positions it for major gains.   

However, as reported by U.Today, some traders believe that XRP is not out of the woods until its price reaches $0.30. At press time, XRP is changing hands at $0.28.       

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Will Bitcoin let XRP shine?  

As Ripple CEO Brad Garlinghouse proudly noted, XRP has so far outperformed Bitcoin (BTC) in 2020. However, the Bitcoin price finally breaking above $10,000 could trigger a new level of FOMO that could push the king's dominance back to the high-60s. 

According to de Poppe, XRP could continue creeping towards $0.60 as soon as BTC calms down.