RATE Group | XRP Just Snapped a Two-Year Bear Trend – Here’s Why Two Crypto Analysts Are Flipping Bul…
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XRP Just Snapped a Two-Year Bear Trend – Here’s Why Two Crypto Analysts Are Flipping Bul…

16 Feb XRP Just Snapped a Two-Year Bear Trend – Here’s Why Two Crypto Analysts Are Flipping Bul…

Posted at 20:26h in Cryptocurrency News by

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Crypto tacticians are plotting the path forward for XRP.

Josh Olszewicz, an analyst at Brave New Coin, says the third-largest cryptocurrency just broke out of a 680-day bear trend after climbing above $0.29.

In addition, he says XRP is now above its 200-day exponential moving average, a metric that tracks average price data and gives more weight to the most recent time frames.

According to Olszewicz, the spot price of XRP is also above the Ichimoku Cloud, which is an umbrella term for a collection of indicators that trace lines of support and resistance and track potential shifts in momentum.

Fellow analyst Johnny Moe says XRP’s trading volumes are rising to levels not seen since the crypto market bull run of 2017.

“With February only halfway complete, monthly volume is 1.15 billion.

The Dec…

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