XRP is “On Fire” as the Crypto Races Towards Next Key Resistance

XRP has been one of the best performing major cryptocurrencies over the past several days, with its recent rally past $0.30 allowing it to form a highly bullish market structure that is likely to lead it significantly higher in the near-term.

Analysts are now noting that a break above $0.33 could be imminent, potentially allowing the cryptocurrency to see a significant extension of its recently incurred upwards momentum.

XRP Struggles to Break Above $0.30, But Analysts Eye Further Upside 

At the time of writing, XRP is trading up just under 9% at its current price of $0.324, which marks a massive climb from its daily lows of $0.27.

The cryptocurrency – which is currently coming off of an incredibly bearish 2019 – is now showing signs of wanting to go parabolic, with its historical price action suggesting that this type of rally could be imminent.

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