- The CEO of SBI Holdings predicts that XRP will come to overtake Bitcoin in terms of market capitalization.
- Ripple has no shortage of support zones while the upside remains undeterred.
Ripple continues to trade within a strong support zone between $0.3 and $0.35. In a short-term outlook, XRP/USD is bullish above $0.34.
The CEO of SBI Holdings has predicted that XRP will come to overtake Bitcoin in terms market capitalization. The prediction comes after the Japan-based financial institution announced $ billion in revenue. The CEO, Yoshitaka Kitao is very bullish on XRP:
“There is basically no value for Bitcoin. The fact that Bi coins are going to be used more and more in practical use is not easy when it comes to that price. So I think that ‘XRP’ in the crypto world is probably the number one crypto asset.”
In the interim, Ripple is trading at $0.3422 following a 5.5% on the dat. The crypto is strongly supported at $0.3308; the 5-hour Simple Moving Average (SMA) and the Bollinger Band 1-hour Middle. Ripple has no shortage of support zones with additional support at $0.3272, $0.3201 and $0.3094.
On the flipside, the path to the upside mainly undeterred with the first hurdle at $0.3522 (previous high 4-hour chart). Ripple must correct above $0.35 and establish a higher support in order for the gains to progress towards $0.38 and eventually touch $0.4.
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