<ul><li>XRP&#39;s monthly chart reclaims 20 and 50 SMAs, hinting at possible bullish momentum after 5 years.</li><li>Similar SMA alignment in 2017 led to XRP&#39;s biggest Bull Run, sparking speculation about a potential repeat.</li><li>Traders keenly observe if XRP sustains gains, wondering if this marks the start of a new market trend.</li></ul>In a surprising turn of events, the cryptocurrency market is buzzing with the latest revelation regarding XRP. The coin has achieved a significant feat that has astonished the crypto community. For the first time in half a decade, XRP has displayed a remarkable pattern on its monthly chart that could herald a new era for the digital asset.Popular analyst Cryptoinsightuk highlighted a significant development for XRP on the monthly chart, suggesting a potential bullish trend reminiscent of the historic 2017 bull run.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/048ab638054f44a597b190624c2bf4c2.png" />The crucial development centers around XRP&#39;s performance against Bitcoin (XRP / BTC) on the monthly time frame. Reports from the respected analyst group, Cryptoinsightuk, highlighted that XRP has successfully reclaimed this chart&#39;s 20 and 50 Simple Moving Averages (SMA). This achievement alone signifies a major shift in the coin&#39;s trajectory.What&#39;s even more intriguing is the additional detail – XRP&#39;s price action has not only managed to reclaim the 20 and 50 SMAs but has also ventured to test the 50 SMA as a support level. This double whammy of accomplishments hasn’t been witnessed since the remarkable, bullish streak of 2017, a period etched in XRP enthusiasts&#39; memory as the most significant bull run in the coin&#39;s history.Market veterans and novices alike remember the immense optimism of the 2017 bull run when <a href="https://www.investopedia.com/news/how-did-ripples-price-perform-2017/" rel="noopener noreferrer nofollow">XRP </a>reached unprecedented heights. The current event could herald history repeating itself, with analysts closely studying the implications of these aligned indicators.Read full article at <a href="https://cryptotale.org/major-milestone-for-xrp-as-monthly-chart-shows-bullish-signals-not-seen-in-5-years/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Major Milestone for XRP as Monthly Chart Shows Bullish Signals Not Seen in 5 Years

CryptoTale

发布于 2023年8月14日的其他文章

APE Hits 7-Day High Amid Bullish Rally, Overbought Signals Loom

Is Torobase a Scam? Here’s What You Need to Know.

Weekly newsletter of DAO highlights | Issue #35

Rumors Spread That Crypto-Friendly Hester Peirce Will Replace Gensler as SEC Chair: But Here’s th...

Bitget Lists Partner Shiba Inu’s $BAD Token

Bernstein Predicts That Bitcoin ETF Approval Will Boost The Crypto Market

订阅我们免费的电子期刊，获取每日最新加密领域动态！