After a brief period of trading above its long-established resistance level at $0.30, XRP has once again fallen back into the upper-$0.20 region, which may mean that it is in for an extended bout of sideways trading.<\/p>\n
Analysts are still optimistic, however, that the cryptocurrency could see further gains in the near-term, with one analyst setting a target at $0.45 \u2013 which would mark a significant surge from its current price levels.<\/p>\n
At the time of writing, XRP<\/a> is trading up just under 1% at its current price<\/a> of just under $0.30, which is around where it has been trading for the past several days.<\/p>\n XRP\u2019s inability to decisively close above $0.30 does signal that bears still have strength in spite of the crypto\u2019s recovery from its multi-month lows of $0.24, but it is important to note that any notable break above this level could spark a major uptrend for the embattled crypto.<\/p>\n Loma, a popular cryptocurrency<\/a> analyst on Twitter, explained in a recent tweet that he believes a break above $0.30 could be sparked by the ongoing Ripple Swell conference, but further adding that there is a decent chance that XRP does not incur its annual \u201cSwell pump\u201d this year.<\/p>\n \u201c$XRP: Taking a look at the USDT-pairing and I’d say we have at most 10% leading into Swell and that’s IF price clears the 30c resistance. Swell might be an absolute BUST this year,\u201d he explained while pointing to the below chart.<\/p><\/blockquote>\n $XRP<\/a><\/p>\n Taking a look at the USDT-pairing and I'd say we have at most 10% leading into Swell and that's IF price clears the 30c resistance.<\/p>\n Swell might be an absolute BUST this year. pic.twitter.com\/nbhjLoXMD0<\/a><\/p>\n — Loma (@LomahCrypto) November 5, 2019<\/a><\/p><\/blockquote>\n\n