The ongoing rally seen amongst major cryptos has allowed XRP to break past the key resistance it was previously facing around $0.33, with its movement past this level leading analysts to grow even more bullish on the cryptocurrency than they were before.<\/p>\n
In the near-term, it is highly likely that the crypto will continue tracking the price action seen by the aggregated market, which suggests that the coming few days could prove to be highly bullish.<\/p>\n
Analysts are also noting that there is a \u201cnon-trivial\u201d chance that XRP incurs some explosive momentum in the coming few hours and days, which could allow it to post significantly further near-term upside.<\/p>\n
At the time of writing, XRP<\/a> is trading up just under 3% at its current price<\/a> of $0.335, which marks a notable climb from daily lows of $0.31 that were set yesterday around this time when bears attempted to invalidate the bullish market structure it formed after breaking above the previous resistance it had faced at $0.30.<\/p>\n Although the token saw incredibly bearish price action throughout 2019, its ability to rally from its year-to-date lows of $0.18 over the past few weeks has led analysts to grow increasingly bullish on it.<\/p>\n The Crypto Dog, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he is watching for a 15% upside movement in the coming weekend against the crypto\u2019s BTC trading pair.<\/p>\n \u201cI’d like to see XRP head a little further north this weekend, say about +15%?\u201d he explained.<\/p><\/blockquote>\n https:\/\/twitter.com\/TheCryptoDog\/status\/65324033<\/p>\n The Crypto Dog isn\u2019t the only analyst who is bullish on XRP<\/a> right now, as Jonny Moe, another well-respected cryptocurrency analyst on Twitter, explained that he believes the token is in for a major upside movement in the days and weeks ahead.<\/p>\n \u201cAnd the monthly. With Feb only halfway complete, monthly volume is 1.15B. The Dec 2017 monthly volume was 2.26B. There’s a non-trivial chance that XRP is about to explode,\u201d he said while pointing to the chart seen below.<\/p><\/blockquote>\n And the monthly.<\/p>\n With Feb only halfway complete, monthly volume is 1.15B. The Dec 2017 monthly volume was 2.26B.<\/p>\n There's a non-trivial chance that $XRP<\/a> is about to explode. pic.twitter.com\/bZkmOvsgce<\/a><\/p>\n — Jonny Moe (@JonnyMoeTrades) February 14, 2020<\/a><\/p><\/blockquote>\nThe Token Could be in for Some Explosive Momentum<\/strong><\/h2>\n
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