Bitcoin has been able to find some stability within the low-$9,000 region, which has allowed major altcoins to incur some decent momentum today, with XRP, Ethereum, and other major cryptos all visiting key resistance regions.<\/p>\n
This rebound has led XRP to push against the $0.25 level, which has long been a strong resistance level for the cryptocurrency.<\/p>\n
The strength of today’s push has also led one prominent trader to note that he believes a break above this level is imminent, which could mean XRP is on the cusp of seeing some intense upwards momentum.<\/p>\n
Throughout the early part of this week, Bitcoin<\/a> had been caught within a bout of sideways trading that had led the cryptocurrency to trade around $8,700 for a prolonged period of time.<\/p>\n The resolution of the lackluster price action was bullish, however, as the crypto was able to rally past its key resistance at $8,900. This upwards breakout led BTC as high as $9,200 before it found some strong resistance, which has now led it to stabilize around $9,100.<\/p>\n This stability has given many major altcoins the chance to climb today, with XRP jumping<\/a> over 1.5% to its current price of $0.244, while Ethereum<\/a> has climbed nearly 3%.<\/p>\n Although XRP\u2019s gains today<\/a> have been tempered, it is important to note that it is currently trading at its highest price levels seen over the past week, and $0.25 has been a strong resistance level for the cryptocurrency in the time following its drop below $0.30 in late-February.<\/p>\n The ongoing test of this key resistance level has led one analyst to grow bullish on the token, who notes that a decisive movement above this level could potentially lead it up towards $0.30.<\/p>\n Crypto Micha\u00ebl, a prominent cryptocurrency analyst on Twitter, spoke about this level in a recent tweet, explaining that he is targeting a near-term movement up to $0.27 if XRP is able to break above $0.25.<\/p>\n \u201cXRP: Looks like we’ve got a slight breaker here. USDT pair looks ready for a move towards $0.27. The $BTC pair holding support here and looking eager for movements towards 2850-2880 and perhaps 2980,\u201d he explained while pointing to the chart seen below.<\/p><\/blockquote>\n $XRP<\/a> #RIPPLE<\/a> <\/p>\n Looks like we've got a slight breaker here. $USDT<\/a> pair looks ready for a move towards $0.27. <\/p>\n The $BTC<\/a> pair holding support here and looking eager for movements towards 2850-2880 and perhaps 2980. pic.twitter.com\/MIsadDA212<\/a><\/p>\n — Micha\u00ebl van de Poppe (@CryptoMichNL) March 6, 2020<\/a><\/p><\/blockquote>\nXRP To See Upwards Breakout if It Pushes Through This Key Level<\/strong><\/h2>\n
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