Ripple Price Surges Nearly 4% On The IPO Claims

By: Michael Harris
Michael Harris
Specialising in economics by academia, with a passion for financial trading, Michael Harris has been a regular contributor to… read more.
on Jan 24, 2020
Updated: Apr 3, 2020
  • CEO sees an IPO as a “natural evolution for the company”
  • Company reported in December that sales fell 80% in Q4
  • Ripple recently completed a $200 million investment round
  • XRP likely to continue marching higher in the coming days

Ripple (XRP) price has surged more than 3.5% in just more than an hour on the claims of Ripple’s CEO that the company’s initial public offering (IPO) may be organised in the coming 12 months. 

Fundamental analysis: IPO is a “natural evolution for the company”

XRP has been moving lower on a continuous basis for the past 6 months. In general, there are two factors that can describe the downtrend: 1) the crypto market has traded lower as well, and 2) continuous negative headlines surrounding the Ripple company and XRP.

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We already buying the XRP. 

Summary

The XRP price has rallied higher on Ripple CEO’s claims that the IPO may be organized in around 12 months time. The coin is now pushing higher with $0.2550 as the key short-term resistance and target for the bulls. 

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