XRP Gives Strength As Whales Count and Momentum Increases
Showing great strength throughout recent uptrends and sustained support during more general market declines, XRP is now one of the most robust assets in the crypto industry. XRP is positioned at a turning point when positive and negative forces are colliding; it is now trading over the $2.00 barrier.
With Bitcoin trading above $100K and Ethereum maintaining the $2,200 zone after a breakthrough, the larger market is also heating up. But the relative strength of XRP is what traders and analysts find most interesting.
Macroeconomic uncertainty still looms large the backdrop however. Investor mood is still delicate given continuous trade tensions between the US and China and an ever more sensitive global financial climate. XRP may be one of the main winners if Bitcoin maintains its ground and altcoin enthusiasm keeps on.
The next phase will be determined in great part by the next days as XRP keeps trading close to a key range. While keeping support above $2.00 will be vital to avoid a retracing, a clear rise over $2.35 might open the door to a big upward advance. Supported by whale activity and rising trader curiosity, XRP is once again under observation as a possible leader in the next leg of the crypto bull cycle.
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