It has been just revealed the fact that there is a new rally on the path towards XRP, as the interest from investors is rising. Check out the latest reports below.

New rally for XRP is on the way

According to a prominent crypto strategist, XRP is showing signs of a potential rally as it displays a couple of bullish signals.

The analyst, Ali Martinez, has observed on social media platform X that the Tom DeMark (TD) Sequential indicator is indicating a bullish reading for XRP.

The TD Sequential indicator is used to identify turning points in a market, with a value of nine suggesting a possible trend reversal.

Says Martinez,

“The TD Sequential shows a buy signal on the XRP four-hour chart, which could trigger a rebound to $0.63 or even $0.67!”

Martinez is keeping a close watch on the actions of XRP whales. According to the analyst, these whales are quietly accumulating the altcoin, despite its 18% price drop over the past 10 days.

The analyst notes a significant increase in whale transactions and holdings, which could signal a potential rebound in XRP’s price. As of now, XRP is trading at $0.60.

Martinez also observed that Litecoin (LTC) has achieved a new record high in terms of transaction count.

“Litecoin registered one million LTC transactions on November 14 alone, marking a new all-time high.”

In a recent interview with CNBC’s Dan Murphy, Ripple’s CEO Brad Garlinghouse stated that their recent legal wins against the US SEC could be indicative of a shift in the way the country views and regulates cryptocurrency.

Garlinghouse suggests that the SEC will soon need to alter their approach of using legal action to enforce regulations.

“The SEC, in my opinion, has lost sight of their mission to protect investors, and the question is, ‘Who are they protecting in this journey?’”

Leave a Comment