Singaporean Crypto Exchange KuCoin Lists XRP despite Ripple-SEC Lawsuit
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A popular cryptocurrency analyst, Youtuber, and asset trader, Credible Crypto, opined that the recent recovery rally in the crypto market has given room for Ripple’s XRP long-term chart to print its second positive signal.

A couple of hours ago, Credible Crypto captioned a chart in a tweet, depicting that the digital token XRP reclaimed a multi-year trendline over the past week.

He averred that this came about after bouncing off a downtrend line from the price all-time high, where the digital currency was rejected for about four consecutive times.

The fact that it managed to make this breakout, the trader wrote, is a notable signal that the “bottom is in”. He added that this scenario convinced him to buy more XRP as he awaits an upside trend in the coming months.

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Credible Crypto shared this, “Do not underestimate the significance of this TL from ATH. We had a false breakout as the dump on BTC brought the rest of the market down with it but the ATH downtrend line has been reclaimed. I re-iterate my belief that the bottom is in. Long from .176 and adding on dips. $XRP.”

The observation of this technical analysis shared by Credible Crypto came moments after he noted that XRP was in the midst of printing a textbook diamond pattern, which he clarified as the sign of a forthcoming bottom.

However, the trader further added that it may take some time for the diamond bottom to surface, considering the formation occurring on a long-time frame chart.

Can the Bulls Rejoice Now? Some other cryptocurrency analysts see this from a different perspective, as they intensified that it’s too early for altcoins’ investors to rejoice.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.