XRP is All Set to Ride the First Bull-run of 2020

  • XRP’s bullish trendline has been breached once after it started correcting down in its 1-month chart; faced rejection above $0.2483

  • The leading altcoin has recently formed a support level at $0.2140; recovery faces hurdles above its 200-day moving average line ($0.2247)

  • XRP has kick-started 2020 on a mild bullish note. However, this month seems to be ending with a decline

  • Today, the coin has started head upwards though is still below the 38.20% Fib level; the coin needs to strike a break-out above $0.2300 to sustain the rebound

Bitcoin has corrected back to the $8500-$8300 price range after it surged above $9000 from $7269 over the last 25 days. Resonating the same to a certain extent, Ripple cryptocurrency has recently seen a pullback below $0.23 after it went above $0.24 against US Dollar.

Notably, after the prolonged bearish spell of the crypto market, which lasted at least till the end of 2019, 2020 holds many hopes of an ample market recovery. Read More...

First Bull-run of 2020


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