XRP price skyrockets by 17% as double bottom chart pattern takes shape

Cointelegraph

Published Jul 28, 2021 07:28AM ET

Updated Jul 28, 2021 09:00AM ET

XRP’s price swung higher on Wednesday as its parent company, Ripple, entered an agreement with SBI Remit to back a remittance corridor from Japan to the Philippines.

The Ripple blockchain’s native cryptocurrency, also ranked as the sixth-largest digital asset by market capitalization, reached its one-month high of $0.759 after rallying 17.73% intraday. At a monthly low, it was changing hands for as little as $0.514.

XRP sustains its uptrend amid a market-wide bullish mood. Source: TradingView
XRP is forming a double bottom pattern. Source: TradingView

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