XRP Network Activity Soars as Top Trader Turns Bullish

The XRP token from Ripple could be on the verge of a bullish run.

XRP’s price action is “constructivly” regulated by a multi-year head-and-shoulders pattern that has emerged on its weekly chart, according to Peter Brandt, a 40-year trading veteran.


In late March, the sixth-largest cryptocurrency by market size soared by 230 percent, signaling the end of a consolidation trend. Then XRP goes backwards.

XRP / BHD

XRP against Bahraini Dinars

Key Takeaways

• XRP’s price action seems to be contained within a tight range.A weekly close outside the $1.72 to $1.00 pocket will determine the direction of the trend.
• Renowned analyst Peter Brandt appears to be leaning bullish while on-chain activity explodes.

Source