RATE Group | Here’s Why XRP Could See an Insane 300% Rally if it Breaks One Key Level
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Here’s Why XRP Could See an Insane 300% Rally if it Breaks One Key Level

27 Apr Here’s Why XRP Could See an Insane 300% Rally if it Breaks One Key Level

Posted at 15:32h in Cryptocurrency News by

XRP has been struggling to garner any notable momentum in recent times, with the latest market-wide uptrend leading the embattled cryptocurrency up to its near-term resistance at $0.20 – a level that it has failed to surmount since mid-February.

The crypto is continuing to show some signs of weakness as it hovers just below this level, and the downtrend seen throughout the aggregated crypto market this morning could lead it to see further near-term downside.

There is one level, however, that could send the crypto into the throes of an intense bull market if surmounted, leading one analyst to note that a break above this level could lead to gains as high as 300%.

XRP Sees Slight Underperformance of Bitcoin as Near-Term Weakness Grows 

At the time of writing, XRP is trading down just under 1% at its current price of $0.195, marking only a marginal decline from its daily highs.

This weakness came about after Bitcoin faced yet another rejection at $7,700, pointing to some underlying…

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