Although these gains are certainly nothing to be frowned upon, they are rather small as compared to the 300%+ gains that Bitcoin and many other cryptocurrencies have incurred from their 2019 lows; but XRP may soon surge higher and catch up to other cryptocurrencies.
Ripple Price Struggles to Break Above $0.50, But Bulls May Soon Step Up
At the time of writing, Ripple is trading down nearly 2% at its current price of $0.475, down slightly from its recent highs of $0.50.
Over a one-week period, XRP is trading up from lows of $0.42, which was a price at which the cryptocurrency was trapped at for an extended period of time while the rest of the crypto markets were surging higher.
The Cryptomist, a popular cryptocurrency analyst on Twitter, noted in a recent tweet that XRP will likely require a little more time before it incurs enough selling pressure to lift off and climb higher.
“$XRP: The 48 cents from yesterday’s post holding as strong resistance thus far. We did wick up to 50 cents but fell back to resistance. We may find a bit of ground before take-off, just be patient,” she said.
The 48 cents from yesterdays post holding as strong resistance thus far We did wick up to 50 cents but fell back to resistance
We may find a bit of ground before take off, just be patient loveys