It’s been just revealed the fact that there might be some bulls ont heir way for XRP. Check out the latest reports about this below.
Santiment says bulls are coming for XRP
According to Santiment, a platform for crypto analytics, there is a positive XRP signal that preceded a significant surge in March, and it is now indicating the same again.
The company’s market intelligence suggests that the daily activity of XRP addresses is surging to a level that has previously led to a major breakthrough.
As per Santiment’s report, XRP witnessed an unprecedented surge in address activity on March 18th, leading to a remarkable 45% rise in its token price over the next 10 days.
“XRP Network has now had its second and third largest address activity spikes of all time these past two days. A mild +4% decoupling has emerged between XRP and the altcoin pack, and if history repeats itself from the March 18th activity spike, it could be more.”
According to Santiment, it has been observed that a total of 93,000 BTC has been accumulated by Bitcoin (BTC) sharks and whales since the market took a dip from its local high of around $30,000 in mid-April.
“Addresses holding between 10 to 10,000 Bitcoin appear to be staying cautious as the price has fluctuated between $26,000 to $30,000 over the past month. Regardless, they have accumulated a combined 93,000 BTC as prices fell from the local top in mid-April.”
XRP in the news – FOMO is on its way
According to a lawyer who is backing Ripple Labs in its legal battle against the U.S. Securities and Exchange Commission (SEC), traders are likely to feel a sense of FOMO as soon as XRP reaches the $2 mark.
Deaton law firm managing partner John Deaton hypothesizes that only when XRP does 5x will people want it.
“XRP sits at .48 cents and it’s crazy to think about how many people, who refuse to buy it now, are going to buy it over $1. What’s even more crazy is that FOMO won’t likely kick in until $2.”
