XRP Just Rebounded 70%: We Asked 3 AIs if Ripple’s Bear Market Is Over, But They Cautioned Us

What a time to be a part of the cryptocurrency markets. Unless, of course, you shorted the market on Wednesday. Then, you might have been caught on the wrong side. XRP was a no-show for weeks (and months).

The token lost multiple key support zones on its painful way down and eventually slumped to $1.00. It even dipped below that level on a couple of occasions last week for the first time in 21 months. Then it all changed.

On Wednesday afternoon bitcoin rallied the altcoin troops and initiated a market-wide revival. Ripple’s token was a little late to the party, but once it arrived, it blew the roof off this place by skyrocketing from $1.00 to $1.42 within a day or two, marking a multi-month high.

The bulls kept going until Saturday morning, driving the asset to $1.70 – or a 70% surge in days. However, it was violently rejected there and is now back toward $1.40. As such, the question is whether the bear market has ended.