XRP has jumped by 8% in the past 24 hours, surging to $1.14 as the cryptocurrency market falls by 2% today.
Having risen by an astonishing 95% in a week, XRP is one of the best-performing top-100 coins of the past seven days, with the alt also up by 124% in a fortnight.
And what’s particularly bullish is that its chart has formed a bullish divergence within the past 24 hours, with the coin’s price dropping just as its relative strength index (purple) has gained momentum.
So when combined with the fundamentally stronger position the cryptocurrency market finds itself in, such an indicator would point towards a big breakout for XRP.
XRP’s Hidden Chart Pattern Suggests 500% Upside – Here’s When
Looking at XRP’s chart, we see that its price dipped to a 24-hour low of $1.04 last night, around the time its RSI began rising up from 45.
In fact, what the RSI tells us today is that, after some profit-taking towards the end of the weekend, XRP is regaining strength very quickly and could manage another big surge this week.
Source: TradingViewIt’s also notable that its 30-period moving average (orange) is rising even further beyond the 200-period average (blue), a clear signal that the coin remains in a growth phase.
Indeed, traders had undervalued and neglected XRP for so long that this kind of surge was almost inevitable, especially with the market continue to rally in the wake of Donald Trump’s election victory.
And what has set off XRP in particular are rumours that Ripple CEO Brad Garlinghouse has met with President-elect Trump.
If true, this could mean that Ripple may be in line to partner with important institutions (and perhaps even the Federal Reserve) on cross-border transactions and CBDCs.
And even if Garlinghouse’s meeting with Trump doesn’t lead to some kind of direct partnership or deal, a new Trump administration will be hugely beneficial for Ripple.
For one, it’s likely that the Securities and Exchange Commission will witness a change of leadership once Trump is inaugurated, given that the incoming President had promised to fire Gensler from day one.
In turn, a change of leadership may result in the SEC changing course with regards to its appeal against Ripple.
This would free up Ripple to continue expanding its business, while encouraging investors to buy into XRP.
In such a context, XRP could pass its ATH of $3.40 by the middle of 2025, while it may reach $2 by the end of the year.
Diversification with High-Potential Presale Coins
XRP is now looking like it’s ready for a big push over the coming weeks and months, but it won’t be the only token profiting from the new bull market.
We could also witness a season for new altcoins, including presale tokens that rally vigorously once they list for the first time.
And one of the newest and most interesting presale coins right now is Best Wallet Token (BEST), the native ERC-20 cryptocurrency of the popular software wallet.
It launched its sale only last week, but it has already raised more than $400,000, an early sign of its likely popularity.
BEST will function as the utility token for Best Wallet, providing holders with discounts on transaction fees, higher staking rewards, voting rights, as well as early access to new projects, presales and airdrops.
This means that BEST will have lots of utility, and because Best Wallet is already a popular non-custodial wallet, it’s likely to experience lots of sustained organic demand.
And what’s also bullish is that BEST will have a capped supply of only 10 billion tokens, making it potentially deflationary over time.
10% of this supply is going to future airdrops, 8% to staking rewards and 7% to community rewards, with the remainder going to a mixture of liquidity, product development and marketing.
Joining its presale is simply a matter of going to the official Best Wallet Token website and connecting a compatible cryptocurrency wallet.
BEST is currently selling at a price of $0.02255000, although this will rise to $0.02257500 tomorrow.
There will be 100 stages of the sale in total, meaning that the coin has lots of price rises in store before it lists.
Join BEST Now
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