RATE Group | Ripple’s XRP Primed to Explode Higher as Technical Stars Align
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Ripple’s XRP Primed to Explode Higher as Technical Stars Align

23 Feb Ripple’s XRP Primed to Explode Higher as Technical Stars Align

Posted at 11:11h in Cryptocurrency News by

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The past few days haven’t been kind to the crypto markets. After peaking last week, market leaders Bitcoin, Ethereum, and Ripple’s XRP and smaller altcoins saw their values tank.

XRP was hit especially hard by the retracement, falling from its multi-month high somewhere above $0.34 to as low as $0.265 during the flash Wednesday sell-off that brutalized bulls, liquidating millions of dollars worth of Bitcoin positions on BitMEX and other leverage exchanges.

Despite this brutal more-than 25% retracement in the price of the third-largest cryptocurrency, analysts remain optimistic, touting a number of indicators suggesting that bulls may soon return to graze in the XRP fields, so to say.

Ripple’s XRP Prints Flurry of Strong Signs

Popular crypto commentator CJ recently remarked that XRP’s chart setup suggests a strong breakout to the upside may soon occur.

In his chart, he depicted the fact that XRP has been building a falling wedge pattern over the past two weeks, which more often…

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