XRP has been slowly clawing its way towards the mid-$0.20 region, which previously proved to be a strong support level for the cryptocurrency prior to its capitulatory drop to lows of $0.18 in late-2019.<\/p>\n
The bullishness seen across the aggregated crypto market has certainly proven to be positive for major altcoins like XRP and has led the embattled crypto to push against a key trendline that could be the only thing stopping it from seeing a significant near-term rally.<\/p>\n
If this level is broken above in the coming several hours and days, it could lead to a major upswing that sends the token surging towards fresh multi-month highs.<\/p>\n
At the time of writing, XRP<\/a> is trading up marginally at its current price<\/a> of $0.235, which marks a notable climb from its weekly lows of $0.20 and an even more significant climb from its one-month lows of $0.18.<\/p>\n The bullishness seen amongst major altcoins like XRP has come about concurrently with the firm uptrend Bitcoin has found itself caught within for the past couple of weeks, and analysts are widely pointing to BTC\u2019s ability to hold steady around $8,800 as a reason why it could soon see continued bullishness.<\/p>\n It is highly probable that how Bitcoin<\/a> trends in the near-term will give guidance to altcoins, and a push above $9,000 could subsequently allow XRP to break above a key descending resistance level that it has been caught beneath for an extended period of time.<\/p>\n \u201cXRP\u00a0 – 6 month RSI technical level broke yesterday, here is where the 6 month descending trend line rejected yesterday but very likely breaks up today,\u201d Harry \u2013 a popular crypto analyst \u2013 explained in a recent tweet.<\/p><\/blockquote>\n $XRP<\/a> – 6 month RSI technical level broke yesterday, here is where the 6 month descending trend line rejected yesterday but very likely breaks up today x pic.twitter.com\/odKItndlDz<\/a><\/p>\n — Harry \ud83e\ude9d\ud83c\udff4\u200d\u2620\ufe0f (@HaraldoXRP) January 15, 2020<\/a><\/p><\/blockquote>\n\n