{"id":60152,"date":"2020-02-06T19:52:03","date_gmt":"2020-02-06T17:52:03","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=60152"},"modified":"2020-02-06T20:00:09","modified_gmt":"2020-02-06T18:00:09","slug":"xrp-explodes-29-cents-technicals-bullish","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/xrp-explodes-29-cents-technicals-bullish\/","title":{"rendered":"XRP Explodes to $0.29 as Technicals Flip Bullish: Is More to Come?"},"content":{"rendered":"

Once again<\/a>, Bitcoin (BTC) has surged higher, rallying as high as $9,850 just a few hours ago as of the time of writing this article. This move in the leading cryptocurrency has brought the rest of this market up with it, including XRP.<\/p>\n

In fact, the third-largest cryptocurrency earlier today briefly crossed above the $0.29 price point and attempted to test $0.30, a key price point that analysts say will make or break the asset’s next bull run.<\/p>\n

Although the price was rejected just shy of $0.30, the technicals for the XRP<\/a> are purportedly starting to flip extremely bullish, boding well for investors in the asset.<\/p>\n

XRP’s Technical Trend Flipping Positive<\/strong><\/h2>\n

Josh Olszewicz, an analyst at Brave New Coin, on Thursday, unveiled<\/a> his latest thoughts on XRP, which he has been largely bearish on over the past few months.<\/p>\n

He wrote that the “market [is] so bull [right now] even XRP is starting to turn up,” drawing attention to the fact that the cryptocurrency has rallied by over 50% since the $0.17 bottom put in last December.<\/p>\n

As to why he thinks this is the case, he looked to three primary technical factors, which largely imply that more gains can be had over the coming weeks and months:<\/p>\n