RATE Group | Ripple’s XRP Just Reclaimed a Multi-Year Trendline: Why This is Crucial for Bulls
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Ripple’s XRP Just Reclaimed a Multi-Year Trendline: Why This is Crucial for Bulls

17 Apr Ripple’s XRP Just Reclaimed a Multi-Year Trendline: Why This is Crucial for Bulls

Posted at 19:27h in Cryptocurrency News by

With Ripple’s XRP actually holding the title of one of the worst-performing crypto-assets of the year thus far, it may be hard to be bullish on it. Despite it being the third-largest cryptocurrency, the recent volatility hasn’t been kind to XRP’s price action, with it underperforming Bitcoin Cash, Litecoin, Monero, Stellar, and many others in Q1 of 2020, Messari says.

But, according to a popular crypto trader, the bearish trend is likely to reverse in the near future.

Related Reading: Ethereum Firm Launches Controversial Product, and the Crypto Community Isn’t Pleased

XRP Just Printed Its Second Positive Signal: Analyst

According to Credible Crypto, an asset trader and a Youtuber, the recent recovery rally in the cryptocurrency market has allowed XRP’s long-term chart to print a rather positive sign:

The trader posted the below chart on April 16th, depicting that XRP has decisively reclaimed a multi-year trendline over the past week, managing to bounce off a downtrend from…

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