XRP price must break this key resistance to regain bullish momentum

XRP price must break this key resistance to regain bullish momentum


The price of XRP is showing bullish signs in the short term despite the ongoing SEC lawsuit against Ripple.

XRP holders are still struggling around the $0.30 area while the majority of the cryptocurrency markets are euphoric with Bitcoin (BTC) price surpassing $40,000.

BTC price is currently over 100% higher than the previous all-time high in 2017, while XRP’s price is still down more than 90% from the all-time high in 2017. A lawsuit from the SEC against Ripple is certainly not bullish and is the primary reason for this overall weakness as this is prompting some exchanges to delist.

Trending: New Evidence Emerges: Capitol Police Officer Did Not Die From Fire Extinguisher

However, the chart might give some potential bullish outlook for the short term period if XRP’s price breaks several crucial resistance levels.

Resistance at $0.32-0.345 must break for more upsidXRP/USD 3-day chart. Source: TradingView

The XRP chart shows a very odd price pattern, as XRP’s price flipped the $0.21 area for support beautifully in 2020. This support/resistance flip caused a

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend