Still not out of the woods

  • XRP the only coin to have not come out of the bear market.
  • Even golden cross has not been seen for the third largest coin.

Ripple’s XRP is one such rare coin among the major cryptos that has not been able to come out of the bear market yet, even as almost all the others have rallied in this recently started bull market rally that has seen many coins to more than double from their lows.

XRP/USD is trading flat on day at $0.307, near high point of the day while the range has been lesser than one percent so far in the Sunday trading. On the 120-minute chart of this third largest coin by market capitalisation, it has managed to bounced back from a short term ascending trendline support for now which would take it towards upper end of the resistance line on the daily chart.

On the daily too, though the coin has bounced from a long term support line that has been lifeline of the bulls in every downturn since August last year. But inspite of this support coming in play, the bull market has not come in for XRP and it is still a long way to go before the sun shines on it.

XRP/USD 120-minute chart:

XRP/USD daily chart:


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