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Cryptocurrencies: 28741
Markets: 115834
Market Cap: $2,360,219,721,004     
24h Vol: $56,175,651,863
Coin-turk.com 2023-06-30 19:45:43

Ripple’s XRP Sees Hope for Bull Run Amid Increasing Triangle Formation Activity

Ripple’s XRP Sees Hope for Bull Run Amid Increasing Triangle Formation Activity
On June 28th, Ripple‘s XRP, which retreated after another unsuccessful break attempt from the long-declining support trend line, showed that buyers continued to buy on the declines, a fundamental feature of a bull run, with the long wick on the red candle it burned in the daily time frame. The reversal of the decline from the rising trend line is quite significant as it indicates that the XRP price could make a new attempt to surpass $0.55. XRP Price Analysis On the last day of June, the XRP price, which made another return from the rising support trend line, continues to remain under the influence of the rising triangle formation. Its reversal from the trend line to a rise could rejuvenate the bullish momentum and trigger the start of a new surge within the formation. Under ideal conditions, this bounce from the dynamic support could lead the prices to reach […] The post Ripple’s XRP Sees Hope for Bull Run Amid Increasing Triangle Formation Activity appeared first on COINTURK NEWS.
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