 
 
Provided that XRP has been experiencing rising concern about its stagnant nature, the seventh-largest cryptocurrency is dusting itself off thanks to a rally that appears to be destined for the psychological value of $3.
Having already damaged out of a 4-year symmetrical triangle, XRP is experiencing bullish momentum that has seen it hit the $0.99 stage.
With XRP being a stone’s throw away from $1, the crypto neighborhood is banking on the uptrend engulfing the total crypto market to push the altcoin to this zone.
Moreover, Donald Trump’s pro-crypto stance is predicted to ease the authorized points which have jeopardized the XRP ecosystem for a minimum of three years, which can also be bullish for the community.
XRP’s Comeback Boosted by Golden Cross
With XRP having already skilled a golden cross, the place the 50-day transferring common (MA) crossed above the 200-day one, this situation is enjoying an instrumental position in igniting the crypto’s hearth.
 
It’s because a golden cross depicts a bullish image based mostly on the shift of route from a downward motion to an uptrend, signaling heightened shopping for stress.
Provided that XRP is amongst the recently-listed altcoins by crypto-friendly buying and selling app Robinhood, the future looks bright for altcoins since an explosive thunderstorm may be in the offing.
The demand for XRP Ledger, an open-source distributed community developed by Ripple, can also be skyrocketing since 13 million XRP was not too long ago burned.
That is bullish since XRP’s shortage continues to improve thanks to the burning mechanism triggered by the XRP Ledger.
