XRP has made a strong comeback against Bitcoin, gaining around 30% since July’s “triple bottom.” A mix of fundamental and fractal indicators hints that XRP is well-positioned for the gains to continue in the coming months.
XRP price recovery mirrors 2021’s 500% rally
The XRP/BTC trading pair has bounced by over 50% after forming a local bottom at around 760 satoshis (1 satoshi = 0.00000001 BTC) at the beginning of June 2024. This low is significant as it aligns closely with the support level that preceded a 500% rally between January and May 2021. [Continue reading at link, below.]
Source: Cointelegraph
