The XRP price might be on the cusp of another significant rally after soaring in September
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The XRP cryptocurrency might be in the process of “loading a moonshot,” according to the pseudonymous trader and investor Crypto Rand.
The token’s potential rally would make “everyone cry,” according to the popular chartist.
A price chart shared by Crypto Rand shows that the XRP token appears to have formed a symmetrical triangle. Such patterns typically form during periods of consolidation. The direction of the ongoing trend is to the upside, which is good news for the bulls.
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The XRP price is up 5.66% over the past 24 hours, according to data provided by crypto data site CoinMarketCap. The cryptocurrency is changing hands at $0.48 on major spot exchanges.
As reported by U.Today, the XRP token experienced a significant rally last month amid fresh speculation surrounding Ripple’s ongoing battle with the U.S. Securities Commission. In September, both parties filed motions for summary judgment.
Source: https://u.today/xrp-may-make-everyone-cry-this-trader-says