The post XRP Price On the Verge of 47% Rally To Hit $0.80 appeared first on Coinpedia Fintech News

The XRP market has shown resilience by holding strong above 50 cents since breaking out of a multi-month downtrend. On Tuesday, XRP was trading around $0.52, showing a gain of around 42% in the past four weeks. The Ripple-backed digital asset continues to assert its strength as the lawsuit filed by the SEC approaches its end.

47% Rally For XRP Price? 

According to @ali_charts, a veteran crypto chartist on Twitter, the XRP price could experience a 47% rally if the asset secures a three-day candlestick close above $0.54. The analyst believes that the XRP price could rally towards $0.80 if a breakout is secured on the daily timeframe.

Altcoin Rally Anticipated

With Bitcoin price having secured a breakout towards $30k, crypto traders are eagerly awaiting an altcoin rally. Therefore, the XRP breakout is only a matter of time before FOMO (fear of missing out) traders enter the altcoin market.

Read: Riding the Altcoin Wave: Top Coins Poised for Profitable Growth – Coinpedia Fintech News