RATE Group | Powerful XRP Fractal Points To Redemption Rally, Start of New Uptrend
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Powerful XRP Fractal Points To Redemption Rally, Start of New Uptrend

28 Apr Powerful XRP Fractal Points To Redemption Rally, Start of New Uptrend

Posted at 00:47h in Cryptocurrency News by

XRP is yet another cryptocurrency that has been relatively stagnant. But just like another altcoin that is very closely related to the number three ranked crypto asset that recently saw a strong surge in price, a repeating fractal on XRPUSD price charts could point to a redemption rally and the start of a new uptrend.

After Two Years of Underperformance, XRP May Be Ready For a New Uptrend

XRP has performed poorly compared to most other altcoins over the last two years and suffered strongly against Bitcoin on any BTC trading pairs. Ripple and a closely related altcoin, XLM, have both been named the two worst performing assets of across the crypto space during the bear market.

Even with the downtrend, XRP managed to hold onto is number three ranked spot, but XLM fell completely out of the top ten crypto assets by market cap as a result.

Related Reading | Crypto Analyst: Surge in Volume Off Lows Suggest XRP Will Finally Pump 

But earlier this month, XLM had a powerful breakout caused the…

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