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Wednesday

20 January 2021

XRP Sees Massive Retrace, But Analysts Remain Optimistic

XRP Sees Massive Retrace, But Analysts Remain Optimistic


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XRP has been on a roller-coaster of a ride throughout the past few days and weeks, with the crypto randomly breaking out of a multi-year trading channel earlier this week that allowed its price to ascend as high as $0.90 on some exchanges.

It has struggled to gain any momentum since, which could be a sign that downside is imminent in the days and weeks ahead.

He notes that the intense buying pressure that has been seen around its current price levels could confirm this as a high time frame support region

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