XRP is on the “Verge of Something Big” as Trader Targets Move to $0.85

XRP is on the “Verge of Something Big” as Trader Targets Move to $0.85
HeadlinesNewsXRP is on the “Verge of Something Big” as Trader Targets Move to $0.85

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XRP is on the “Verge of Something Big” as Trader Targets Move to $0.85

NewsBTC1 week ago
Published on November 19, 2020 02:00 GMT+0edited on November 19, 2020 02:08 GMT+0

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XRP’s price action throughout the past few months, and even years, has been nothing more than lackluster, with the token still trading down over 90% from its all-time highs while failing to garner any widespread adoption.

The token’s close ties to FinTech company Ripple has been a double-edged sword for its performance.

On the one hand, its 2017 rally was fueled by high hopes surrounding Ripple’s xRapid product. On the other hand, its intense decline and inability to rally have come about due to the company’s previous pattern of selling tokens each quarter and its inability to drum up adoption for the token.

Despite its multi-year consolidation phase within the $0.20 region, XRP is now showing some signs of life as it moves to break out of its long-held trading …