The XRP news today are showing massive gains of around 9% right now, as the coin just breached the $0.2130 levels and shows that bulls are in control of the price right now. As XRP goes above $0.2130, we can see that the Ripple price and the rest of the market is in a solid position too.
The number three ranked cryptocurrency by market cap exploded earlier today, rising by 6% in less than two hours of intraday trading. Later on as the day progressed, the Ripple price went on to secure more gains. Right now, analysts are seeing the XRP price in detail and coming up with a thorough outlook on the future price performance.
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The questions that are asked now are:
- Will the Ripple price rally continue?
- Will XRP grow more this year?
- What are the driving forces of this bullish action as XRP price is above $0.2130?
No one knows the answers yet and it is difficult to ignore just how poorly XRP has performed for cryptocurrency investors ever since the world caught wind of this asset in late 2017 during the hype bubble.
However, when compared to nearly every other altcoin as well as Bitcoin, the Ripple price has provided the worst ROI over the last few years of a bear market. However, after around two and a half years of selling we can see that Ripple’s price may finally be staging its recovery rally.
Now, as XRP goes above $0.2130, bulls expect to secure the $0.2200 levels which would mean a historic one day rise for Ripple. Even if this does not occur, we can see that the key factors behind this strong rally include the multiple TD 9 buy signals which are stacking across many high timeframes, on both the XRP/USD and XRP/BTC trading pairs.
The price of the coin also reclaimed a critical trendline recently, which could be responsible for the additional push. One Ripple fractal in the crypto news predicted an upwards pattern – and a further rally for XRP is still in the books. Anyways, newcomers buying their first Ripple tokens may be excited but they should know that the market is still volatile and changes may come really fast.
The good news is that if this rally sustains and XRP goes above $0.2200, we can expect more gains in the near future.
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