Speaking in a recent YouTube update, Altcoin Daily host Aaron Arnold listed his predictions for altcoins that are “about to pop” and have big price movements in the near-term. The host highlighted XRP as a cryptoasset on the verge of a breakout based upon several key charting metrics.
According to the trader, XRP is exhibiting bullish trade signals on the parabolic stop and reverse (SAR) indicator. Arnold predicted XRP could undergo a 30% price move in the next wave of volatility.
As reported by The Daily Hodl, Arnold said:
“XRP is on the verge of a 30% price move. XRP looks ready to spike in volatility. Could see its price move by more than 30%…the Parabolic [SAR] points have turned bullish, indicating that a breakout is underway.”Other popular traders have pointed to a potential bullish movement for XRP in the near term. Crypto trader and market commentator “DonAlt” told his 300,000+ Twitter followers that he has been reaccumulating XRP during the coin’s price dip over the past several months.
According to the popular Twitter trader, he made a 10% profit buying XRP during the dip and was giving the coin “one last chance to moon” before selling again.
$XRP— DonAlt (@CryptoDonAlt) August 27, 2021
Been rebuying my XRP bags, managed to get in more than 10% cheaper than where I sold last which is pretty nice.
Didn't quite dip as low as I had hoped.
I'm willing to give it one last chance to moon it, close below 2270 sats this week and I'll gtfo and wait for better days pic.twitter.com/QrLUSCmdX4