XRP has been moving in close tandem with Bitcoin and the aggregated crypto market throughout the past few days and weeks, with the crypto largely consolidating within the mid-$0.20 region as it continued finding support in the lower-$0.20 region and resistance around $0.30.
This price action has done little to offer insight into the cryptocurrency’s near-term outlook, and it does appear that where it trends next will depend largely on where Bitcoin and other major altcoins trend in the near-term.
Despite the weakness seen in recent weeks, it is important to note that it is still flashing some signs of strength.
One analyst believes that XRP will outperform Ethereum in the mid-term, noting that there are a plethora of bullish factors underpinning its current technical outlook.
Another trader recently put forth a chart showing how he sees the cryptocurrency trending in the near-term. If his outlook comes to fruition, the cryptocurrency will soon rally up towards $0.50 in the