Famous trader Crypto Rand said that XRP is giving a bullish signal.
Trader and investor Crypto Rand stated that XRP is poised for a “moonshot”.
Famous Trader Hopeful for XRP
The popular analyst thinks that the token’s potential rally could make anyone cry.
According to a chart shared by Crypto Rand, XRP has formed a symmetrical triangle. Such patterns often emerge during periods of consolidation. The continued trend of the token looks upwards. This is extremely good news for crypto bulls.
According to data from CoinMarketCap, the value of XRP has increased by 5.66% in the last 24 hours.
XRP has seen a significant rise in the past month amid new speculation surrounding Ripple’s fight with the US Securities and Exchange Commission. Both parties applied for a summary judgment last month.
Ripple CEO Brad Garlinghouse stated that sufficient evidence has been presented to the court for the case to be adjudicated.
Ripple’s native token, XRP, is trading at $0.47 at the time of writing, according to data from CoinMarketCap.
