Ripple (XRP) and the aggregated crypto markets have incurred a massive influx of buying yesterday after Bitcoin smashed through its previously established resistance that existed at $10,000. This upwards momentum carried over into the general crypto markets and has led to an overwhelmingly bullish sentiment among investors and analysts alike.
Now, analysts are noting that XRP may soon surge significantly higher and possibly back towards its previously established all-time-highs, as its price action prior to the latest crypto market pump can largely be characterized as lackluster.
Ripple Price Surges Towards $0.50 as XRP Bulls Come Out Swinging
At the time of writing, Ripple is trading up over 8% at its current price of just below $0.48 and is up significantly from its daily lows of $0.44.
XRP’s notable upwards movement came about directly as a result of Bitcoin’s positive price action, which led the entire crypto markets to surge higher.