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05 December 2020

XRP Shows Signs of Bottoming as Analysts Watch for Serious Upside

XRP Shows Signs of Bottoming as Analysts Watch for Serious Upside


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The recent rally across the aggregated crypto market has been so strong that even XRP – the embattled token closely associated with Ripple – has been able to rally.

One analyst is now noting that there’s a strong possibility that further upside is imminent in the near-term, as the cryptocurrency just bounced at a previous resistance level, confirming it as support.

Because XRP doesn’t have too much going for it at the moment besides the strength across the entire market, there’s a strong possibility that where it trends in the near-term will depend almost entirely on Bitcoin.

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