{"id":414704,"date":"2020-02-14T19:07:29","date_gmt":"2020-02-14T19:07:29","guid":{"rendered":"https:\/\/wncen.com\/?p=414704"},"modified":"2020-02-14T19:07:29","modified_gmt":"2020-02-14T19:07:29","slug":"xrp-bear-trend-over-epic-rally-likely","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-bear-trend-over-epic-rally-likely\/","title":{"rendered":"Analyst: 680-Day Bear Trend For XRP is Over, Making an Epic Rally Likely"},"content":{"rendered":"

XRP<\/a>, the native crypto token of the Ripple protocol, was one of the worst-performing altcoins of the last year due to a powerful bear trend the asset just couldn\u2019t break free from.<\/p>\n

But that 680-day bear trend was just broken, suggesting that a ripple-effect could trigger an epic recovery rally in XRP in the days ahead.<\/p>\n

XRP Breaks Out of 680-Day Bear Trend, Claims 200-Day EMA<\/h2>\n
Few altcoins have suffered as badly as XRP<\/a>. After an over 90% drawdown from all-time high prices, the cryptocurrency was stuck in a long, arduous downtrend.<\/p>\n
At each glimmer of hope and recovery, the altcoin\u2019s price was swatted back down by a combination of bearish investors and Ripple executives dumping on the market to fund operations<\/a>.<\/p>\n
Related Reading | Huge XRP Rally Triggers Key Indicator to Light Up For First Time in a Year\u00a0<\/a><\/strong><\/em><\/p>\n
The cryptocurrency token has fallen from prices of well over $3.50 to as low as 17 cents per token at its December 2019 low.<\/p>\n
From that low, however, XRP<\/a>is already up a total of 93%. Year-to-date, Ripple is already up well over 80%. In February alone, XRP has increased by over 40%.<\/p>\n
But with such explosive gains already ready for traders to book, could the rally really go much further?<\/p>\n

Ripple Breakout Could Take Prices to New All-Time High<\/h2>\n
A breakout from a 680-day bear trend could provide the fuel to take XRP<\/a> prices much higher.<\/p>\n
The breakout of the bearish trend also is accompanied by a breach of the 200-day exponential moving average.<\/p>\n
The number three cryptocurrency by market cap is also above the cloud or “Kumo” on the Ichimoku indicator \u2013 an indicator designed to provide a full \u201cat-a-glance\u201d look at an asset\u2019s health.<\/p>\n
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$XRP<\/a> 680-day bear trend over<\/p>\n
– above 200-day EMA
– above bear PF
– above Cloud pic.twitter.com\/C47ndnVcCP<\/a><\/p>\n
— #333kByJuly2025 (@CarpeNoctom) February 14, 2020<\/a><\/p><\/blockquote>\n