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Fxstreet.com experts said the Ripple XRP price is looking for higher highs.
Fxstreet.com noted that the price of Ripple XRP has been stuck under the downtrend for over a month. However, on December 18, XRP price broke through that resistance and rallied 15%, reaching a swing high at $ 0.915.
Despite the token fluctuating, the rally continued to retest the $ 0.956 ceiling. Buy orders continued to come in, allowing the price of Ripple XRP to return to the $ 1,015 resistance level. In general, after overcoming this barrier, the supply of the asset increased by 26%.
While the gains have been impressive, there is a good chance the XRP price will rebound now as investors start taking profits. This event will allow third party buyers to step in, pushing up to the next barrier at $ 1.102.
If optimistic, the XRP price could tag a swing high of $ 1.222 and pick up any remaining liquidity above it. While asset prices are improving, a sell-off that is pushing altcoin to undo recent gains threatens the bullish outlook. Interestingly, the token could drop to $ 0.752. However, if the price of Ripple XRP creates a swing low below $ 0.688, it will create a lower low, refuting the bullish thesis.
Earlier, the Network said that Ripple XRP could soon replace Bitcoin.
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