{"id":113896,"date":"2019-09-18T09:00:34","date_gmt":"2019-09-18T09:00:34","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=113896"},"modified":"2026-04-25T06:34:51","modified_gmt":"2026-04-25T05:34:51","slug":"xrp-breaks-out-of-bear-trend-in-monster-rally","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/xrp-breaks-out-of-bear-trend-in-monster-rally\/","title":{"rendered":"XRP breaks out of bear-trend in monster rally"},"content":{"rendered":"

XRP<\/a> has exploded out of its monthslong downtrend with a two-day buy-streak pushing the cryptocurrency up 18.5 percent against the dollar and injecting $2 billion into market capitalization\u2014the extraordinary gain coming as the first market response to a series of high-profile partnership announcements by Ripple Labs.<\/p>\n

Driven by the highest trade volumes since July 10, the rally took XRP from $0.261 midday Monday to $0.313 by Tuesday morning, making it the best-performing asset of the top 10 by market capitalization<\/a>, after months of lagging behind Bitcoin<\/a>, Ethereum<\/a>, and other top coins.<\/p>\n

\"XRP
Source: Trading View<\/figcaption><\/figure>\n

Are the bulls back in town?<\/h2>\n

XRP proponents may view the breakout as a resounding answer to months of mixed sentiment hanging over the payments-focused coin, centered around the actions of Ripple Labs, the company behind XRP.<\/p>\n

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To all Non-XRP holders, 30 cents is still cheap as hell for a hot asset like #XRP<\/a> \ud83d\ude09<\/p>\n

— Cobb (@Cobb_XRPL) September 18, 2019<\/a><\/p><\/blockquote>\n