XRP Rallies to Hit Three Year High of $1 April 6, 2021 April 6, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 6, 2021 by Kelly Cromley

XRP Rallies to Hit Three Year High of $1

For the first time since March2018, XRP’s price has breached $1, pegging its market value at about $47 billion. Furthermore, the fourth largest crypto in the world market is also gaining ground against Bitcoin (BTC), allowing it to record considerable technical momentum.

When XRP was trading at about $0.75, crypto traders pointed out the robust underlying fundamentals. Cantering Clark, a crypto derivatives trader stated that XRP has all the technical aspects for an uptrend. Therefore, XRP appreciated to $1, from $0.75.

Another popular crypto trader, known by the nick name “Kaleo” pointed out that XRP’s rally against Bitcoin is specifically positive. After its rally above $1, Kaleo detailed that XRP is on course of eclipsing a three year downtrend against Bitcoin. He stated:

Another factor backing XRP’s uptrend is the increase in popularity on social media platforms. According to data published by Santiment, a data analytics platform, XRP’s social volume has been rising quickly in parallel with many more cryptos.

In case the technical framework of XRP stays unchanged and the social volume continues to remain high, XRP’s momentum could likely push the crypto to the next key resistance zone. Technically, next resistance is anticipated at about $1.20 with a macro resistance at $2, formed in late December 2017.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.