Has XRP bottomed? Crypto analysts weigh in

As a bullish impulse is underway some of the most prominent crypto analysts believe that XRP may have bottomed against BTC.Crypto analysts weigh in.

XRP recently reached price levels that have not been seen since 2017.

As XRP began reaching higher highs, Martin said that 4,000 satoshis could be a potential take profit point for investors before XRP continues its uptrend.

When looking at higher time frames other analysts believe that XRP is bound for an exponential upswing.

The popular trader on Twitter found that since its inception XRP has had three bullish MACD crossovers.

The second one took place on Dec. 11 of the same year catapulting XRP up 1,900 percent.

If history repeats itself, XRP could surge up to around 7,000-117,000 satoshis.

Despite the recent report by the Crypto Rating Council that concluded that XRP has a high probability of being classified as a security by the U.S. Securities and Exchange Commission, its BTC trading pair seems bullish.

If the outlook presented by the MACD on the 1-week chart is correct, XRP could be preparing for a 180 to 4,700 percent price increase.

If XRP moves below it a further correction could be expected, invalidating the bullish views previously analyzed.