This Single Chart Suggests XRP May Rally Up Towards $0.50

This Single Chart Suggests XRP May Rally Up Towards $0.50

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.

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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

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