XRP Indicates Potential For Market Revival With Surge In Trading Volume
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Recently, the XRP market has been showing some possibilities of a revival. The cryptocurrency has experienced a remarkable reversal, and now its price approaches $0.57 level. Its recent surge in price is due to rise in volume of trades.
This shows that XRP is gaining the interest of investors, who are purchasing the cryptocurrency, and making efforts to push the XRP market into a bullish phase. The price action of XRP has been doing better, when compared to other cryptocurrencies, showing its strength in the cryptocurrency industry.
This current surge in XRP price, goes further to show XRP's stability, even as the crypto market is presently struggling. But, in order for XRP to fully enter a bullish phase, it has to overcome the $0.52 resistance mark.
It's important that XRP's price stays beyond the $0.52 level. If the price maintains stability beyond the $0.52 level, then XRP may enter into a confirmed bullish phase. But, if it's unable to stay beyond $0.52, then the price may range between the strong support of $0.50 and the strong resistance of $0.52, till an obvious price movement happens.