XRP Price Gains 40% in One Week But Can It Continue Rally to $0.50?

XRP Price Gains 40% in One Week But Can It Continue Rally to $0.50?

Gate Trade News Tuesday, August 4, 2020 42 0

XRP price has broken through several key resistance levels including $0.30 as it tries to catch up to Bitcoin with its own impressive gains.

 

Most markets are rallying since receiving a severe shakeout throughout the weekend, during which the price of Bitcoin (BTC) fell by $1,400 in minutes below the $11,000 level, liquidating $1 billion in futures along the way. 

 

However, one of the most reliable coins in recent days has been Ripple’s XRP token as it rallied 40% in the past seven days and more than 70% from recent lows toward $0.30, as anticipated in the previous XRP technical analysis. 

 

Now that the price target got hit, let’s take a look at the charts to see where the price of XRP may be headed next.