Rally

Bitcoin

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<ul class="news-points"> 
 <li>Analyst CryptoInsightUK argued an engulfing candle at a critical support level has been confirmed for XRP.</li> 
 <li>Similarities between the pattern and a previous one that led to a 50% rally were noted.</li> 
 <li>Bitcoin’s surge above $50K could spark an XRP comeback, per the analyst.</li> 
</ul> 
Market analyst CryptoInsightUK has detailed the potential response of the XRP price in light of Bitcoin (BTC) initiating a <a href="https://coinedition.com/btc-massive-sell-off-looms-after-hitting-50k-analyst/">rally beyond the critical $50,000 price threshold</a>. The analyst first highlighted that the weekly close for XRP shows a combination of positive and negative indicators. 
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 Update – We have the weekly close for <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$XRP</a>. TA and news. Pros; – We have a confirmed weekly engulfing candle at a level of key support. – We have survived FUD narratives without setting new lows. – We saw a similar set up in October and rallied over 50% in the following 3… <a href="https://t.co/uQbcNRI3XT" target="_blank" rel="nofollow">https://t.co/uQbcNRI3XT</a> <a href="https://t.co/HFWufJ0WbD" target="_blank" rel="nofollow">pic.twitter.com/HFWufJ0WbD</a>— Cryptoinsightuk (@Cryptoinsightuk) <a href="https://twitter.com/Cryptoinsightuk/status/1757009621095460892?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 12, 2024</a>
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From an optimistic perspective, the market analyst noted that a weekly engulfing candle at a critical support level has been confirmed. The analyst noted similarities between the current pattern and a previous occurrence in October …
The post <a href="https://coinedition.com/xrp-poised-for-breakout-analyst-sees-echo-of-past-50-rally-after-bitcoin-breaches-50k/">XRP Poised for Breakout? Analyst Sees Echo of Past 50% Rally After Bitcoin Breaches $50K</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Poised for Breakout? Analyst Sees Echo of Past 50% Rally After Bitcoin Breaches $50K

Coin Edition

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