XRP price breaks 3.5-year downtrend as analyst predicts $200
XRP’s gains of 36.83% this quarter is its highest quarterly rise since Q1 2023.
XRP price closed another week up 9.19%, overcoming previous overhead resistance at $0.60. It is currently up 14.69% for the month and on its way to closing its strongest quarterly return since Q1, 2023, which was 15 months ago.
Also read: XRP leads crypto weekend gains fueled by surging open interest
When XRP was declared “not a security” on July 13, 2023, it rallied as high as $0.95, but the monthly close was at $0.69. XRP has consolidated sideways for over a year ever since, but its current monthly returns have breached a major downtrend pattern that has been active for over 3.5 years.
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Author: Biraajmaan Tamuly
