Ripple (XRP) Weekly Close Could Pave the Way For Bullish Continuation

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In Brief
  • XRP has reached a close above a long-term resistance level at $0.29.

  • Technical indicators are bullish for both XRP/USD and XRP/BTC.

  • XRP/BTC has possibly begun the fifth wave of an Elliott formation.

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The Ripple (XRP) price has reached a weekly close above a crucial resistance level, indicating that the trend is bullish and the price could continue moving upwards to create new higher-highs. The XRP price began to pick up steam at the beginning of July. when the price created a massive bullish engulfing candlestick in the weekly time-frame. XRP Long-Term Bullish Close Last week, the
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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