RATE Group | XRP’s Rally Signals This Smaller Crypto Could See a Massive Movement
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XRP’s Rally Signals This Smaller Crypto Could See a Massive Movement

08 Feb XRP’s Rally Signals This Smaller Crypto Could See a Massive Movement

Posted at 02:48h in Cryptocurrency News by

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Despite seeing a year of consistent losses and heavy selling pressure in 2019, the new year has been great for XRP so far, with the crypto posting massive gains alongside its competitor Stellar Lumens (XLM).

XRP’s recent bullishness, however, may actually be a sign that XLM is about to see significantly further upside, with one analyst noting that the crypto appears to be exiting an eight-month accumulation phase that could be followed by massive upside.

XRP Begins Consolidating as Analysts Watch for the Crypto’s Next Big Movement

At the time of writing, XRP is trading down just under 1% at its current price of $0.28, which is around where it has been trading at for the past day after bulls made a futile attempt to push the cryptocurrency up towards $0.29.

It is important to note that XRP has been able to climb significantly from weekly lows of roughly $0.23, and it seems as though its rally is still in its early phase.

TraderSmokey – a prominent cryptocurrency analyst on Twitter…

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