$XRP is far from reaching its all-time high in spite of the positive court ruling
The assertion is based on a pattern known as a"double bottom," an indication often used by traders to signal a potential upward trend following a period of decline.
The analyst also noted the formation of an ascending triangle, another bullish indicator. CoinsKid concluded with a general principle of trading:"Compression leads to expansion," suggesting that the constrained trading range will eventually lead to a price breakout. XRP's performance has been relatively stable, trading at around $0.72 at the time of writing, a 2.4% increase in value.The recent rally comes in the wake of a positive ruling in the Ripple v. SEC case that has bolstered confidence in the token's future. It also adds to the larger narrative of an increasingly active altcoin market, potentially challenging Bitcoin's long-held dominance in the cryptocurrency space.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
BTC, ETH and XRP Price Analysis for July 29Can the rate of XRP follow the growth of BTC and ETH? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie boncryp
Leer más »
Price analysis 7/29: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOTBitcoin price remains flat but some altcoins are trying to break above their overhead resistance levels, indicating selective buying at lower levels.
Leer más »
XRP Army Happy With Elon Musk’s New Tweet, Here’s WhyElon Musk has attracted many major crypto accounts with his new tweet, the XRP army was particularly happy with the message of the tech tycoon
Leer más »
New XRP Pair Added by This Binance US Offering: DetailsThis Binance US offering adds new XRP pair XRPArmy XRPCommunity XRPHolders BinanceUS
Leer más »
New blue state law gives government increased power to target pregnancy centersIllinois Gov. J.B. Pritzker signed a bill into law that empowers the state attorney general to crack down on pregnancy centers that use 'deceptive tactics.'
Leer más »
Palantir stock price to pop 54% as new industrial revolution begins: WedbushPalantir has built an 'AI fortress that is unmatched' and the stock is set to soar 54% as new industrial revolution begins, Wedbush says
Leer más »