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MainNewsRipple (XRP)...

Ripple (XRP) Price Rockets to 2-Month High After Curious Whale Activity


by Jordan Lyanchev
for CryptoPotato

TL;DR

  • Ripple’s price has gone on a tear once again as the asset shot above $2.6 for the first time since early March.
  • This came after a whale with a good win record opened a substantial long position worth almost $12 million.

CryptoPotato reported just a couple of days ago that XRP’s price had underperformed compared to other larger-cap alts like ETH and DOGE, which registered massive gains in the past week or so.

At the time, Ripple’s token stood at around $2.4 after a minor 9% weekly increase (again – compared to others), but the SuperTrend indicator flashed a buy signal with a price target of $2.6. XRP indeed skyrocketed to and beyond that level hours ago, reaching $2.67 (on Bitstamp) for the first time in over two months.

XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

This 10% daily surge made XRP the third-largest cryptocurrency by market cap, a position that it continues to swap with USDT as volatility is still kicking in at press time.

This impressive increase came just hours after Lookonchain reported about a big whale who had opened a whopping $12 million 2x long position on XRP. The same entity recently went long on ETH as well, and sat on an unrealized profit of $10 million at the time of the post.

Popular reps of the XRP army quickly picked up the asset’s move before its minor retracement, and highlighted the next target ($3) if it is to decisively overcome the $2.6 resistance.

The post Ripple (XRP) Price Rockets to 2-Month High After Curious Whale Activity appeared first on CryptoPotato.

Read the article at CryptoPotato

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Ripple’s (XRP) Next Leg Up Will Be ‘Brutal:’ Is $10 Possible?

Ripple’s (XRP) Next Leg Up Will Be ‘Brutal:’ Is $10 Possible?

Can XRP's price surge by 340%?
MainNewsRipple (XRP)...

Ripple (XRP) Price Rockets to 2-Month High After Curious Whale Activity


by Jordan Lyanchev
for CryptoPotato

TL;DR

  • Ripple’s price has gone on a tear once again as the asset shot above $2.6 for the first time since early March.
  • This came after a whale with a good win record opened a substantial long position worth almost $12 million.

CryptoPotato reported just a couple of days ago that XRP’s price had underperformed compared to other larger-cap alts like ETH and DOGE, which registered massive gains in the past week or so.

At the time, Ripple’s token stood at around $2.4 after a minor 9% weekly increase (again – compared to others), but the SuperTrend indicator flashed a buy signal with a price target of $2.6. XRP indeed skyrocketed to and beyond that level hours ago, reaching $2.67 (on Bitstamp) for the first time in over two months.

XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

This 10% daily surge made XRP the third-largest cryptocurrency by market cap, a position that it continues to swap with USDT as volatility is still kicking in at press time.

This impressive increase came just hours after Lookonchain reported about a big whale who had opened a whopping $12 million 2x long position on XRP. The same entity recently went long on ETH as well, and sat on an unrealized profit of $10 million at the time of the post.

Popular reps of the XRP army quickly picked up the asset’s move before its minor retracement, and highlighted the next target ($3) if it is to decisively overcome the $2.6 resistance.

The post Ripple (XRP) Price Rockets to 2-Month High After Curious Whale Activity appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

XRP Price Suffers Again but Can June 16 Change Everything for Ripple?

XRP Price Suffers Again but Can June 16 Change Everything for Ripple?

Monday will be a crucial date in the legal case between Ripple and the SEC.
Ripple’s (XRP) Next Leg Up Will Be ‘Brutal:’ Is $10 Possible?

Ripple’s (XRP) Next Leg Up Will Be ‘Brutal:’ Is $10 Possible?

Can XRP's price surge by 340%?