XRP Maintains Bullish Run With 80% Rally

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XRP, the digital token associated with Ripple Labs, has gone on an incredible run, skyrocketing up over 80% in recent months. This bullish surge began with Ripple’s victory in a court case against the SEC, which acknowledged some of their sales to be securities. Besides this, increasing adoption of Ripple’s blockchain technology, along with the general growth in the crypto market due to the impressive record set by Bitcoin, are largely contributing to this growth. However, caution is advised for XRP hodlers as current prices are approaching a key resistance level at $0.85, indicating strong buying pressure. A short-term correction phase could play out before further upward movement.

Robert Wilson author
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