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