RATE Group | Ripple’s XRP Makes “Huge” Achievement, Setting Stage for Strong Price Surge
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Ripple’s XRP Makes “Huge” Achievement, Setting Stage for Strong Price Surge

10 Feb Ripple’s XRP Makes “Huge” Achievement, Setting Stage for Strong Price Surge

Posted at 02:43h in Cryptocurrency News by

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XRP didn’t have a good 2019 by any means. The third-largest cryptocurrency, third to Bitcoin and Ethereum, actually fell by 50% against the dollar in 2019, dramatically underperforming Bitcoin’s 95% gain and a near-record run in the stock market and in real estate.

But, over the past few weeks, prospects for the leading altcoin have improved, with XRP’s technical and chart health improving as cryptocurrency prices have recovered across the board.

Related Reading: This Simple Analysis Says Bitcoin Will Jump 15% to $11,500 in Coming Weeks

According to a top Bitcoin trader, the price of XRP just closed above a key resistance level, setting the stage for a strong price surge as other technical indicators continue to flash positive signs.

XRP Passes Key Level, Boding Well for Bulls

Prominent market commentator TraderSmokey recently noted that XRP just closed a weekly candle above the key $0.28 resistance level, which is “huge” in his opinion. The reason: $0.28 has been a key price…

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