• XRP was up by more than 13% in the last seven days. 
• Most on-chain metrics looked bullish on the token. 

After a comfortable weekly bull rally, Ripple’s [XRP] price growth rate slowed down in the last 24 hours.

However, XRP might just be able to recover from that and start yet another rally in the coming week if one condition is met. 

XRP needs to cross a critical level

According to CoinMarketCap, XRP’s value surged by more than 13% in the last seven days. However, the gaining spree ended as the token’s price had only moved marginally in the last 24 hours.

Interestingly, Cryptoes, a popular crypto analyst, recently posted a tweet highlighting a key resistance level for XRP.

The chart pointed out that the token has been hitting lower highs for quite some time, which is a typical bearish signal.

As per the tweet, XRP must cross the $0.6933 mark before the 17th of March if the token has to kickstart another bull rally.

But the rally may begin sooner than we expect. This was because, at press time, XRP had already broken above the resistance zone.

At the time of writing, the token was trading at $0.6982 with a market capitalization of over $38.2 billion, making it the sixth-largest crypto.

While the token’s value gained bullish momentum, its trading volume also increased. AMBCrypto reported earlier that XRP saw a sharp increase in trading volume, hitting levels not seen in months.

Is a bull rally inevitable?

To see whether this breakout would translate into a bully rally, AMBCrypto took a look at the token’s on-chain metr

Go to Source to See Full Article
Author: Dipayan Mitra

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details