{"id":414031,"date":"2020-02-09T17:05:05","date_gmt":"2020-02-09T17:05:05","guid":{"rendered":"https:\/\/wncen.com\/?p=414031"},"modified":"2020-10-07T11:26:48","modified_gmt":"2020-10-07T11:26:48","slug":"xrp-just-broke-a-two-year-downtrend-says-analyst-raising-chances-of-an-epic-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-just-broke-a-two-year-downtrend-says-analyst-raising-chances-of-an-epic-rally\/","title":{"rendered":"XRP Just Broke a Two-Year Downtrend Says Analyst, Raising Chances of an Epic Rally"},"content":{"rendered":"

Following the outstanding gains since the turn of the year, sentiment across the entire market has flipped bullish. None more so than for XRP, which managed to break a two-year downtrend by breaching the $0.28 level.<\/p>\n

Indeed, with 2019 being a year to forget<\/a> for XRP holders, the recent gains, which see the third-largest cryptocurrency by market cap up 47% since January 1st, have injected newfound optimism. On top of which, fundamental goings-on for the project suggests further cause for celebration.<\/p>\n

\"XRP
XRP daily chart for the last four months. (Source: tradingview.com)<\/figcaption><\/figure>\n

XRP Is Back In The Game<\/h2>\n

Technical analyses for XRP indicates that a further leg up may be on the cards. And having been on a noticeable upswing since the start of February, the divisive altcoin has succeeded in retaining its gains so far.<\/p>\n

High profile trader Crypto Micha\u00ebl<\/span><\/a> posted the chart below. It shows XRP’s recent performance has brought it within a USD price band established in August 2018. He also noted that a two-year downtrend against BTC has been broken.<\/p>\n

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$XRP<\/a> #RIPPLE<\/a><\/p>\n

I think this one will do well, when $BTC<\/a> calms down. <\/p>\n

Broke a 2-year old downtrend on the $BTC<\/a> pair and flipped back in the range on the $USD<\/a> pair.<\/p>\n

Holding above $0.247-0.25 and we could see continuation towards the range high at $0.47 and possibly $0.60. pic.twitter.com\/Hr5Hk0DFxh<\/a><\/p>\n

— Micha\u00ebl van de Poppe (@CryptoMichNL) February 9, 2020<\/a><\/p><\/blockquote>\n