Despite seeing a year of consistent losses and heavy selling pressure in 2019, the new year has been great for XRP so far, with the crypto posting massive gains alongside its competitor Stellar Lumens (XLM).<\/p>\n
XRP\u2019s recent bullishness, however, may actually be a sign that XLM is about to see significantly further upside, with one analyst noting that the crypto appears to be exiting an eight-month accumulation phase that could be followed by massive upside.<\/p>\n
At the time of writing, XRP<\/a> is trading down just under 1% at its current price<\/a> of $0.28, which is around where it has been trading at for the past day after bulls made a futile attempt to push the cryptocurrency up towards $0.29.<\/p>\n It is important to note that XRP has been able to climb significantly from weekly lows of roughly $0.23, and it seems as though its rally is still in its early phase.<\/p>\n TraderSmokey \u2013 a prominent cryptocurrency analyst on Twitter \u2013 explained in a recent tweet that he is patiently awaiting another \u201cpop\u201d while also noting that he does not believe the crypto is going to drop from here.<\/p>\n \u201cXRP Consolidating atm on both pairs. BTC Pair seems to be forming a bullish C-Fork atm and the USD Pair is stuck around the .28$ weekly level. Just going to keep my longs open and wait for the pop. I don’t see it dumping from here imo,\u201d he explained.<\/p><\/blockquote>\n $XRP<\/a><\/p>\n Consolidating atm on both pairs.<\/p>\n BTC Pair seems to be forming a bullish C-Fork atm and the USD Pair is stuck around the .28$ weekly level.<\/p>\n Just going to keep my longs open and wait for the pop.<\/p>\n I don't see it dumping from here imo. pic.twitter.com\/wIGyiiDWPn<\/a><\/p>\n — Smokey \u4e00\u76ee\u5747\u8861\u8868 (@SmokeyHosoda) February 7, 2020<\/a><\/p><\/blockquote>\n\n