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XRP Price Testing Key Resistance for Potential Breakout
Key Points
- The XRP price reached its highest level against Ether (ETH) in five years over the recent weekend.
- XRP’s price against ETH touched 0.00128 ETH, a significant rebound since reaching its all-time low in 2020.
- Breaking this resistance level could lead to a minimum increase of 160% compared to Ether, based on historical trends.
XRP’s Resurgence Against Ether
XRP has made a notable recovery and reached its highest price against Ether (ETH) in five years. Last weekend, the XRP/ETH trading pair peaked at 0.00128 ETH, a significant milestone since April 2020. This increase shows how XRP has bounced back impressively, marking a 925% recovery from its lowest point recorded in June 2020. The rebound reflects a 620% gain since an important period in November 2020, right after the US presidential election when Donald Trump was elected.
Historical Resistance Level
One of the reasons this price movement is significant is because XRP is now testing a historically critical resistance level. In the …
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