XRP (CRYPTO: XRP) has gained 9% over the past seven days, buoyed by optimism surrounding the nearing conclusion of the Ripple-SEC lawsuit.
Traders and investors are once again eyeing XRP as a relatively safe altcoin bet, backed by technical patterns and growing market activity.
Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
XRP | (CRYPTO: XRP) | $2.17 | $128.6 billion | +8.8% |
Bitcoin | (CRYPTO: BTC) | $107,742.48 | $2.14 trillion | +6.4% |
Ethereum | (CRYPTO: ETH) | $2,462.88 | $297.3 billion | +9.5% |
Trader Notes: Crypto trader Dark Defender pointed out an unusual pattern on XRP’s daily chart – a so-called “Silent Candle,” where price action stagnated just below a key resistance zone. This could be the calm before a breakout.
On the other hand, Crypto Seth backed fellow trader Dorkchicken’s analysis, which highlights that XRP …