Although Ripple\u2019s performance over the past few weeks has been dismal to say the least, and holders of the cryptocurrency have missed out on many of the massive gains that other cryptocurrencies have been experiencing, XRP incurred a sudden burst of buying volume today that has allowed it to surge 4%.<\/p>\n
Now, analysts are setting their sights on further gains for the embattled cryptocurrency, with one analyst setting a target of $0.48 \u2013 assuming XRP is able to follow through with its current surge.<\/p>\n
At the time of writing Ripple<\/a> is trading up 3.4% at its current price of $0.332 and is up its daily lows of $0.32 \u2013 a level at which XRP has found support over the past several days.<\/p>\n Although the crypto markets as a whole experienced some massive upwards swings over the past few weeks, with Bitcoin climbing from lows of $4,000 to highs of $5,400, XRP only briefly surged to highs of $0.37 from lows of $0.30, before settling down towards its current price levels.<\/p>\n This dull price action was certainly disappointing<\/a> to Ripple investors, as the crypto has previously incurred massive gains during market surges.<\/p>\n While looking towards XRP\u2019s Bitcoin trading pair (XRP\/BTC) many analysts had noted that the cryptocurrency was reaching a \u201cmake or break\u201d price level that could have led to significantly further downside for the digital asset, had it broken down further.<\/p>\n Cryptorangutang, a popular cryptocurrency analyst on Twitter, spoke about this price level in a tweet made just prior to today\u2019s surge, noting that Ripple will either \u201cjump here or the drop will be brutal.\u201d<\/p>\n \u201cI’ve seen people trying to buy $xrp’s bottom for a month now, but this is the first time imo it’s worth it. Steadily declining volume on that drop, important level, bullish divs. Either jump here or the drop will be brutal,\u201d he explained.<\/p><\/blockquote>\n I've seen people trying to buy $xrp<\/a>'s bottom for a month now, but this is the first time imo it's worth it. Steadily declining volume on that drop, important level, bullish divs. <\/p>\n Either jump here or the drop will be brutal.<\/p>\n I'm in #xrpthestandard<\/a> pic.twitter.com\/YEQe43vLrk<\/a><\/p>\n — TANG \ud83e\udda7 (@cryptorangutang) April 16, 2019<\/a><\/p><\/blockquote>\n\n