Analyst: XRP a “Powder Keg” That is Bound to Incur Explosive Rally

At the time of writing, XRP is trading down just under 2% at its current price of $0.294, which marks a slight drop from its daily highs of just over $0.31 that were set yesterday concurrently with the peak of the rallies experienced by Bitcoin and other major cryptocurrencies.

XRP has recovered slightly from its daily lows within the mid-$0.28 region, although it has not been able to match the positive price action experienced by Bitcoin, as it is currently trading down roughly 5% against its BTC trading pair.

Although altcoins do appear to be correlated to Bitcoin presently, there is a decent sized chance that this correlation could break if BTC is to incur another explosive rally like the once seen yesterday, where it surged from lows of $7,400 to highs of nearly $10,600. Read more...