XRP went through a brutal correction over the past two months since late August. A descending parallel channel developed over the past two months on XRP's 1-day chart, keeping the price down around $0.229 support.
Santiment's holder distribution index adds credence to the bullish outlook. The behavior analytics firm recorded a considerable increase in the number of addresses holding 1M to 10M XRP, roughly 14 new whales since the start of this week. So even with the market uncertainty, these investors are pouring their money into XRP.
Since my previous XRP analysis, it's hit every TP i've set. XRP just recently regained 0.24535 support as well as this uptrend, indicating very bullish momentum. The sub-0.20 days are long gone.
I think BTC is going to continue rising and XRP & the other altcoins will follow suit, this is just the beginning of the bull market.
Santiment's holder distribution index adds credence to the bullish outlook. The behavior analytics firm recorded a considerable increase in the number of addresses holding 1M to 10M XRP, roughly 14 new whales since the start of this week. So even with the market uncertainty, these investors are pouring their money into XRP.
Since my previous XRP analysis, it's hit every TP i've set. XRP just recently regained 0.24535 support as well as this uptrend, indicating very bullish momentum. The sub-0.20 days are long gone.
I think BTC is going to continue rising and XRP & the other altcoins will follow suit, this is just the beginning of the bull market.
