Ripple (XRP) Price Breaks Above the Multi-Year Consolidation: Here is What it Means for the Crypto Space

The XRP price has maintained a steep ascending trend ever since the token rebounded from the March 2020 lows. The price further went up by more than 1000%

The XRP price has been maintaining a steep ascending trend ever since the token bounced off the March 2020 lows. The price further went on to rally by more than 1000% and also encountered a brutal bear market, losing over 80% of its gains. But be it a bullish or bearish trend prevailing in the market, the XRP price maintained the lower ascending trend line, which has been acting as a strong support ever since. Now that the price has soared beyond the bearish grip, the token is expected to mark a dollar milestone any day now.

The XRP price jumps by over 20% in just a few hours, aiming to reach price levels above $0.8, which might be seen any time now. With this, the optimism around XRP has been surging as the token manages to be one of the top performers in comparison to the last several days, which were largely dominated by memecoins. After lagging behind the crypto market trends for a long time, the XRP price has finally managed to trigger a bullish trend.

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