XRP Finally Breaks Above $0.30 Resistance Level

News
Tue, 11/17/2020 - 13:04
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Yuri Molchan
After the long wait Ripple's XRP has finally breached the $0.30 level recovering its previous highs
XRP Finally Breaks Above $0.30 Resistance Level
Cover image via stock.adobe.com

The fourth biggest cryptocurrency, XRP, has just broken above the major level of $0.30, showing 10 percent growth.

XRP
Image via TradingView

This is the third time XRP has surged above this price mark this year; the two previous times were on Feb. 15 and Aug. 17, as per CoinMarketCap. Several times, the coin approached this level but was unable to breach it.

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Ripple keeps expanding its network, RippleNet, adding new partnerships constantly. At the start of the year, CEO Brad Garlinghouse mentioned a possible Ripple IPO.

After the community jumped to the conclusion that this was an announcement, Garlinghouse rushed to correct that he was misunderstood and only spoke generally.

The current XRP surge seems to be caused by the Bitcoin rally, which has just taken the flagship cryptocurrency above the $17,000 level for the first time since December 2017, among other smaller factors.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.