XRP (CRYPTO: XRP) is surging on Thursday, up 11% at the time of writing, fueled by speculation about President-elect Donald Trump considering a reserve of U.S.-based crypto assets.
Cryptocurrency
Price
Market Cap
24-Hour Trend
7-Day Trend
XRP (CRYPTO: XRP)
$3.36
$193 billion
+15%
+44.8%
Ethereum (CRYPTO: ETH)
$3,337
$397.9 billion
-0.1%
-1.1%
Bitcoin (CRYPTO: BTC)
$99,400
$1.97 trillion
+0.3%
+5.5%
Trader Notes: Crypto chart analyst Ali Martinez identified XRP as being in the midst of a substantial bullish breakout.
He pointed out on-chain data showing that whales have accumulated over 1.1 billion XRP in just one week, significantly increasing buying pressure.
This has helped push XRP out of a bull pennant, a classic bullish pattern, and Martinez forecasts a potential price of $10.
Technical analyst More Crypto Online believes …Full story available on Benzinga.com