The token is trading at $1.15 up by 0.8% in the last 24 hours. In the last 24 hours, XRP has ranged from a low of $1.14 to $1.20. However, it has corrected back 0.5 cents now.
XRP broke out of the descending parallel channel. $1.18 is the next important resistance level that we’ll probably retest shortly.
Making a further bullish case for XRP is popular crypto analyst Altcoin Daily host Aaron Arnold. According to him, the coin is on the verge of a huge price explosion.
He notes that on the parabolic stop and reverse (SAR) indicator, XRP is showing bullish trading indications. In the next wave of volatility, Arnold predicts a 30 percent price shift for XRP.
“XRP Is On The Verge Of A 30% Price Move. XRP Looks Ready To Spike In Volatility.”https://youtu.be/CF628ExY1a0
Other well-known traders have predicted a bullish trend for XRP in the foreseeable future too. DonAlt, a crypto trader in a recent tweet said, told he has been repurchasing XRP throughout the coin’s recent price drop.
According to the prominent Twitter trader, he got a 10% profit on XRP during the plunge and was giving the coin “one last chance to moon” before selling.
$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