XRP has been consolidating for the past several days and weeks, trading within a relatively tight trading range in the mid-to-upper $0.20 region. It is important to note that analysts still believe that XRP’s bears are in control, despite its multiple bullish attempts to break out of its trading range over the past week.
It is also important to note that a historical catalyst for significant gains is fast approaching, which could mean that XRP will soon surge significantly higher before once again dropping back to its recent lows.
Ripple’s Swell Event May Lead XRP to Surge, But Gains May be Fleeting
At the time of writing, XRP is trading up 2% at its current price of $0.28, which marks a notable climb from its recent lows of $0.23 that were set in the past few weeks. Read More...