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XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?

Coin Telegraph LogoCoin Telegraph6d ago

XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable? - Coin Telegraph

Quick Summary:

The XRP price rally appears to be driven by a "buy-the-rumor" frenzy in a potential lawsuit win for Ripple versus the SEC.

Meanwhile, XRP eyes a similar sharp correction versus dollar after crossing paths with a multi-month descending trendline resistance, as shown below.

In other words, the XRP/USD pair could drop to $0.31 by the end of 2022, down almost 40% from today's price.


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Article Details

Author / Journalist: Cointelegraph By Yashu Gola

Category: Crypto

Topics: XRP Security or Not XRP Technical Analysis BTC Price Bitcoin Ripple SEC Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 14:26:43

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 4 minutes read

Article Length: 667 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 494466

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 27 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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