XRP Price Surges Above $0.41, Poised to Hit $0.5 Before the end of the Day’s Trade
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The price of XRP rises sharply and breaks away from the entire crypto space. Up more than 8 percent since early trading hours, the price is now looking to regain levels above $0.45 at the earliest. Meanwhile, the bears remain unresponsive for some time, which could prevent the possibility of a major rejection until the end of the day’s trading.
Regardless of the proceedings of the Ripple vs SEC case, the XRP price continues to show an independent rise. Thus, the asset could accelerate and intensify the bullish trend it ignited from the beginning of the month's trade.
The biggest achievement of the XRP price is that, despite the presence of down clouds, the XRP price did not test the June bottom, while most assets formed new ones. This clearly shows that the XRP community was stronger than the BTC community which pushed the price up. Therefore, a significant price increase may be achievable in the next few hours.
When the price is disconnected from the market sentiment, it is time for buyers to understand their strengths and act accordingly. At the moment, an upward impulse can be expected, which can hit $0.5, where the bears can force the price to remain stable for some time. Additionally, the next impulse wave could trigger a bigger price move that could break the trend line and reach the local target around $0.6-$0.65 in the next couple of weeks.
Together, Ripple's XRP price has acute strength that could help trigger a major price move in the coming days.
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