Why Analysts Say It's 'Still Very Early' As Ripple (XRP) Breaks Out Of 3-Year Downtrend
Ripple’s native cryptocurrency XRP has rallied over 80% in the past two days, with the past 24-hours alone accounting for a 40% surge in price. What Happened: The cryptocurrency broke out of a three-year downtrend against Bitcoin, crossing $1.00 for the first time since 2018, and reached a high of $1.10 earlier today. Several crypto traders took to Twitter to highlight the bullish market structure surrounding the coin’s unexpected rise. Not for nothing, $XRP technically has taken all necessary strides to be bullish. After the exchange delistings and write-off by most of CT, this essentia...
Source: benzinga.com