XRP Has Just Broken Past a Crucial Downtrend, But Don’t Bet on a Rally
bitcoinist.com
On July 4th, a trader shared the image below, showing that XRP has just printed a bullish technical sign. The chart shows XRP looking poised to bouncing off a crucial level of horizontal support, also suggesting a relief rally.
A few weeks after saying that he doesn’t think XRP will ever cross $1.00 again, a trader remarked that he has been “opening a new short on XRP every day.” This skepticism has been echoed by other market participants, like prominent technical analyst Peter Brandt, who recently speculated:
Fortunately (or unfortunately), XRP’s fate is somewhat tied to that of Bitcoin.
Read in Full: bitcoinist.com
