RATE Group | XRP Could Be Weeks Away from a Major Breakout Despite Overnight Rejection
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XRP Could Be Weeks Away from a Major Breakout Despite Overnight Rejection

09 Feb XRP Could Be Weeks Away from a Major Breakout Despite Overnight Rejection

Posted at 00:13h in Cryptocurrency News by

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XRP saw some intense bullishness over the past week, with the cryptocurrency clocking some major gains in the early part of the week while Bitcoin and the aggregated crypto market faced some bearish turbulence.

This bearishness in the aggregated market proved to be fleeting, however, and the quick turnaround allowed XRP to climb even further until it reached critical resistance between $0.28 and $0.29.

Analysts are now noting that the crypto could be just a matter of weeks away from its next major upwards push, which could be fueled by “serious fomo” from retail investors.

XRP Faces Overnight Rejection but Bulls Fight Back 

At the time of writing, XRP is trading down just over 1% at its current price of $0.277, which marks a slight decline from its daily highs of $0.285 that were set yesterday.

It is important to note that overnight the cryptocurrency did face some downwards pressure, which came about in tandem with the drops seen by Bitcoin and most other major altcoins.

This sharp…

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