Altcoin Market Cap Continues With a Sluggish Trend While XRP Price Clinches $0.5!

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As Bit­coin dis­plays some upward price action, the alt­coins tend to fol­low and pro­cure some easy gains. On the flip side, once the star cryp­to los­es its grip over the ascend­ing trend, the alt­coins are also bad­ly impact­ed as they lose the max­i­mum of their gains. How­ev­er, XRP being slight­ly away from the crowd is dis­play­ing the pos­si­bil­i­ty of a bull­ish break­out, both in the XRP/USDT and XRP/BTC pairs. 

The XRP/USDT pair, after mark­ing con­sec­u­tive bull­ish can­dles, is now clos­er to breach­ing the ascend­ing par­al­lel chan­nel. Once the upper resis­tance of the par­al­lel chan­nel is cleared, the price is believed to trig­ger yet anoth­er bull­ish wave towards the high­er tar­gets. The price is find­ing sup­port at $0.48 and the 50-day MA lev­els, which may help the ral­ly remain elevated. 

Besides, XRP is also show­ing immense strength against Bit­coin, as the pair is about to val­i­date a bull­ish break­out. With the recent upswing, the pair has made a fair move towards the upper resis­tance, or trend line, of the descend­ing tri­an­gle. A break from the bear­ish pat­tern may also enable the bulls to take over the ral­ly. And as long as the Bit­coin price remains slug­gish, XRP/BTC is believed to main­tain an ele­vat­ed trend. 

Present­ly, XRP/USDT is trad­ing at $0.5003, with a jump of 4.39% since the dai­ly start, while the XRP/BTC pair is trad­ing at 0.00001797. Both pairs are flash­ing acute bull­ish sig­nals and have huge pos­si­bil­i­ties to mark new highs in the com­ing days.



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