RATE Group | XRP Could See Massive Gains as Bulls Defend Critical Multi-Year Support
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XRP Could See Massive Gains as Bulls Defend Critical Multi-Year Support

22 Feb XRP Could See Massive Gains as Bulls Defend Critical Multi-Year Support

Posted at 03:35h in Cryptocurrency News by

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XRP investors witnessed some bearish price action earlier this week when the cryptocurrency plummeted from highs of $0.34 to lows of $0.28, which is where it was able to find some strong support that allowed it to reclaim its position above $0.30.

Then, however, Bitcoin’s unprecedented flash crash sent shockwaves throughout the crypto markets, leading XRP and other major altcoins to plummet significantly.

Despite this overt short-term bearishness, one analyst is noting that XRP has been able to reclaim a key multi-year support that it recently dipped below, showing that another massive uptrend could be imminent.

XRP Inches Higher as Bitcoin Shows Signs of Recovering

At the time of writing, XRP is trading up just under 1% at its current price of $0.275, which marks a slight climb from recent lows of $0.26 that were set at the bottom of its recent selloff.

It is imperative to note that the embattled crypto has been severely underperforming Bitcoin in the time following its recent drop,…

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