- Ripple’s XRP shot up by 15% in a single day to hit $2.96.
- This brings the asset closer to its previous ATH set in 2018.
- How high can the price of XRP go this bull cycle?
The month of March is off to a strong start in the crypto market. After a trying end to the month of February with the price of BTC setting a local bottom at $78,000, March is already seeing BTC at $92,000. This bullish rally is being seen in other valuable altcoins as well. For instance, Ripple’s XRP shot up by 15% in a day.
Ripple’s XRP Shot Up By 15% in a Day
According to CoinMarketCap analytics, Ripple’s XRP shot up from $2.22 to hit $2.96 in a 15% pump in under a day. This bullish rally is most likely tied to the crypto market pump fueled by Trump’s US Strategic Crypto Reserve announcement, which confirmed that it will hold BTC, ETH, XRP, ADA, and SOL.
As we can see from the post above, Ripple’s XRP could be in store for a bullish rally soon. The analyst in the post confirms that the XRP price chart points to a full recovery and continuation. As the present strength for the crypto carries it to further heights, the analyst says that this is only the beginning for XRP.
XRP and Altcoins Prepare for Explosive Rally
Meanwhile, the same sentiments extend towards altcoins as well. In particular, the analyst in the post above talks about Bitcoin Dominance breaking down on the daily chart. Specifically, he says that if today’s candle closes like so, it could confirm a further downside which will give altcoins the room they need to enter a massive explosive rally.