XRP Just Broke 7 Months of Resistance Making a Bullish Move, Can it Break Resistance?
- XRP just broke 7 months of resistance making a bullish move.
- Can the popular altcoin asset break resistance?
- Experts believe $5 - $10 ATH targets are likely for XRP this cycle.
The crypto community is rejoicing to see the prices of popular crypto assets rise at an impressive rate in a short time. The price of BTC went up to $80,000 while the price of ETH hit $2,500 today. Now several altcoins are showing bullish indicators across their individual price charts. In fact, XRP just broke 7 months of resistance making a bullish move, can it break resistance?
XRP Just Broke 7 Months of Resistance Making a Bullish Move
According to CoinMarketCap analytics, the price of XRP is currently trading at $1.48, showing that the asset is down by 0.18% in the last 24 hours and up by almost 50% in the last 7 days. This bullish move shows that XRP just broke 7 months of resistance. To highlight, XRP, after pumping around 70% in one weekly candle from near our accumulation zone, all eyes are now on $1.55.
If XRP continues to surge and breaks above it, the asset has the potential to enter the next bull leg. On the contrary, if XRP trades below that price, then it could be entering a retracement or re-accumulation zone. Traders are still watching the $5 - $10 long term, but it might be too early to expect such a bullish run.
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