Bulls Believe XRP May be Consolidating into Critical Support
- The XRP price is moving in contrast to other top cryptocurrencies.
- XRP’s unique behavior has attracted significant interest from the bulls.
- Dropping into the $0.35 region could generate a bullish sentiment that would reverse XRP’s trend.
In a season when most cryptocurrencies rallied in price, the XRP price embarked on a consolidation that has attracted the attention of crypto users. Bitcoin rallied with significant volatility, breaking past the $26,000 price level. It dragged along the second largest cryptocurrency by market capitalization, Ethereum, and other altcoins.
Almost all the other top 10 altcoins on CoinmarketCap, apart from the XRP, rallied in unison. XRP’s unique behavior has generated interest, attracting close observations from the bulls who may be targeting a potential bounce from the next significant support.
As seen in the XRP price behavior, the downtrend appears to be running out of momentum, with the most recent daily candles reflecting an outright bullish sentiment. However, considering the recent behavior of the token, those displays do not guarantee a trend reversal. At best, it reflects the growing inter…
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