Reasons Behind XRP’s Sudden Surge In February

January seemed like quite the month for most cryptocurrencies, but not XRP. Bitcoin was finally able to confirm that it is indeed a safe haven during times of crisis. For example, when the US-Iran conflict began, the search volume for Bitcoin Iran, went through the roof, confirming the suspicion that people are starting to be a bit more forgiving to BTC and are more or less abandoning safe-haven assets such as gold.

However, the market didn’t react to this as most people were expecting. The outcome that most investors wanted was BTC surging to a whole new level and taking the market with it, but that wasn’t necessarily the case. BTC did take some coins such as ETH and LTC along the ride, but others such as XRP and Stellar fell behind.

XRP, in particular, was in really rough shape, as it was its first opportunity to see major growth after two years of being stuck in the downtrend and losing most of its value. But it seems that February is gearing up to be much more successful for this once amazing cryptocurrency.

Experts predict a surge

According to a detailed XRP analysis from InvestingHaven, these 24 months of seemingly hopeless downtrend was the foundation on which the currently in-progress uptrend was to build upon.

XRP has already grown significantly well in the last month or so. The coin ended 2019 with its lowest evaluation for the past 2 years at $0.183 but managed to grow to $0.251 at the moment of writing this article. This is an almost 50% jump within a month, which seems like the perfect scenario for another 2017 market craze.

The resistance level has already been determined at $0.261, and support tailing behind at $0.247 with high hopes.

But should any of these price points fail at delivering, Ripple is looking at a serious fall to its former lowest of the low at $0.183. But the potential gain is looking at $0.5 as of right now. This all calculates into a 1:2 risk/reward ratio, a situation many bulls would be happy to take and bears happy to avoid.

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