u.today
Popular cryptocurrency XRP may be on the verge of more than 25% growth, after its price found itself in a similar position as last month. After October, expected by many as a month that will bring growth and green candles, began with the collapse of quotes on the crypto market, the XRP price came to $0.53 per token.
The last time the seventh largest cryptocurrency was quoted here was a month ago, in the first decade of September. At that time, after having been in a downward trend since mid-August, XRP found a bottom in this zone and, after a brief accumulation, showed a rapid growth of more than 25%.
That growth was accompanied by the news that Grayscale will launch its own investment product for XRP, as well as several bullish patterns and a golden cross on the price chart. As a result, the sentiment and news background allowed a rather heavy cryptocurrency to compete with meme tokens with a much smaller capitalization than XRP in terms of growth rate.
Now, after falling 13.18% in the first three days of October, the price of XRP has also found a bottom almost exactly where it was a month ago and has moved into accumulation just as it did in September. This has led to the idea that XRP could be in for round 2 and a repeat of the September-like bullish rally.
If this is indeed the case, then the information field around the popular cryptocurrency is likely to be shaken by some high-profile announcements in the near future.