-XRP up 1% in 58 weeks: what's going on? Crypto trader Donald calls xrp and Dogecoin "old-style retail coins".Traders are attracted to familiar assets.
chain data points to increased whale accumulation.
#Ripple XRP/USD rally gaining momentum amid whale accumulation and optimism among traders.
What Happened: #XRP rose 22% on Friday, bringing its 7-day gain to 57%. Over the past week, the world's 7th largest #cryptocurrency has outperformed 2 cryptocurrencies.
Trader's Note: In an updated podcast, vet crypto trader Donalt determined that xrp is in a month-long breakout phase.
He highlighted resistance levels of 1.50 (2x the current price) and 3.360 (4x the current price).
He is not a fan of XRP from a fundamental standpoint, but sees it as a powerful trading opportunity. Donald also predicts a return in 2017 of traders who feel comfortable trading xrp.
In his latest tweet, Donalt said #Dogecoin and XRP are old-style retail coins and showed his entry-level altcoin trading.
Another trader, Mikybull Crypto, predicts a massive rally that will see XRP reach a new all-time high by 2025/3.
Statistics: According to Santiment, wallets holding at least 100 million XRP control a total of 4561,000 million tokens, the highest since 2018/6. Whales and Sharks have accumulated an additional 344,000 XRP over the past 2 years, reflecting an increase of 8.16%.
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