XRP was hit especially hard by the retracement, falling from its multi-month high somewhere above $0.34 to as low as $0.265 during the flash Wednesday sell-off that brutalized bulls, liquidating millions of dollars worth of Bitcoin positions on BitMEX and other leverage exchanges.

Despite this brutal more-than 25% retracement in the price of the third-largest cryptocurrency, analysts remain optimistic, touting a number of indicators suggesting that bulls may soon return to graze in the XRP fields, so to say

XRP prints Flurry of Strong signs.