The frantic growth of the oldy-moldy XRP coin has revived almost all its holders 3 times in 2 weeks. For almost 3 years, the coin has been systematically falling and in March 2020 set a record low – $0.11. Conscientious investors who bought XRP all the time, in two weeks had received their reward. However, the main question remains for new investors – is there still the growth prospect of this coin and the renewal of its popularity in the crypto world? The XRP price has reached the upper trend line of the falling channel If we analyze the global chart of the coin, we see that for a long time the XRP price was moving near the bottom trend line of the falling channel: The first sign of the growth started in July 2020. And it was a major factor of the current rapid price growth. In the period from July to September, there was a systematic accumulation of positions to break the middle line of the falling channel. Given the trading volumes by which sellers tried to push the price down, the balance of power in the XRP market has significantly changed. The strong news background gave buyers the opportunity to test the global trend line of the falling channel. Besides, it let to approach the critical for long-term growth price range $0.78-0.85. Therefore, it is possible to rely on identical easy XRP price growth continuation only after fixing over the given range. Critical points for the current growth trend A repeated test of the range $0.46-0.52 should show whether buyers have the strength to continue the attack. The failure of the medium-term growth trend from March 2020 will be counted if the price falls below $0.35. Nevertheless, we should carefully follow the behavior of sellers at current local highs and do not rush with the target of $1.
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