XRP faces resistance at $2.4 – Will bulls overcome the barrier? – BitRss

• XRP ($2.81) could perform well in the event of a Bitcoin rebound, since selling pressure has been lesser.
• A bounce to $2.4 was likely in the short term, and continued gains would flip short-term bias bullishly.

Ripple [XRP] exhibited strength against Ethereum [ETH ($2,462.12)], the foremost among altcoins by market cap. CoinMarketCap data showed that XRP has gained 5.57% in 24 hours, compared to ETH’s 2.25%.

Even otherwise, ETH has erased all its gains following the US Presidential election, while XRP was still up by 351% from the 4th of November’s low. Can XRP recover after the retest of the $2 support?

XRP maintains its bearish structure