RATE Group | Massive 66% Rally in Ripple’s XRP Hinges On This Key Level
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Massive 66% Rally in Ripple’s XRP Hinges On This Key Level

25 Jan Massive 66% Rally in Ripple’s XRP Hinges On This Key Level

Posted at 05:53h in Cryptocurrency News by

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XRP didn’t have the best of years in 2019. In a year when effectively all assets posted jaw-dropping gains — Bitcoin gained 95%, the S&P 500 rallied by over 30%, gold posted an approximate 20% gain — the third-largest cryptocurrency plunged 50%. In fact, all altcoins performed really poorly, as accentuated in this experiment NewsBTC covered.

According to a prominent analyst, XRP’s prospects are a bit more bullish for 2020, at least if a key price level can be surmounted in the coming weeks and months.

How The Third-Largest Crypto Could Surge 66%

For cryptocurrency markets and news site Brave New Coin, analyst Josh Olszewicz recently released an extensive video analysis on the XRP altcoin. After pointing out that the cryptocurrency has been a strict downtrend for the past few months, he pointed to a potential bull case.

This being that if XRP manages to break above $0.30, which is where the exists historical resistance according to Volume Profiles and a downtrend trend line, the…

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