Even though the whole world is celebrating Bitcoin as it toppled its previous all-time high record to set a new one, one asset that has been neglected is XRP. In the space of 24 hours, the third-placed digital asset has been able to bring back more revenue than Bitcoin and Ethereum in the digital asset market.
A look at various on metric data backs up this claim that XRP has gained more than selected top digital assets on several crypto exchanges. Pulling a recent data off coinmarketcap, one would notice that XRP has gained 22.74% as it currently trades around $0.580 compared to Bitcoin and Ethereum, which has gained 17.76% and 10.33% respectively.
XRP’s impressive 24-hour chart
The impressive 24-hour chart of XRP began at the beginning of yesterday when the digital asset underwent a bearish run to sell at $0.435. After staying in the bearish zone for some period, the digital asset was overtaken by the bulls to stagnate at its support level of $0.45.
Notably, this is the same level that famous analyst, MagicPoopCannon predicted that the digital asset was going to sell at for some time. According to Magic, the figure was very important for the coin because it would determine where it would go in the short term after it hit the price.
Also read:Just like MagicPoopCannon predicted, XRP soon experiences a 30% increase after touching the support level to trade at $0.58. Even though the price of the asset has retraced and is trading at $0.56, analysts expect a bullish momentum to happen in the coming days.
In a recent analysis that was shared by Magic, he said that he expects the remittance coin to make a massive surge in the coming days. Going to Twitter, MagicPoopCannon said that if the current bullish momentum in the crypto market continues, it will aid the bullish impulse of XRP and we will witness am explosion of the asset in the next few days.
XRP mentions on Twitter increase massively
With XRP tied to the snapshot of the Flare Networks, its mentions on Twitter has increased drastically over the past few days. Even though the Flare Networks event has already taken place, XRP mentions are still more alive on Twitter with several mentions regarding the recent surge of the digital asset. A data from eToro shows that XRP mentions on Twitter have now gone from 162 to about 4,000, signifying a 152% increase in the process.
According to eToro, the mentions are a clear indication that the future of XRP will be very good. With the case being with most coins in the crypto market, analysts and experts are doing well enough to remind investors and traders of XRP that they should be reminded that the coin has ties to leading digital asset, Bitcoin.
What this means is that XRP is billed to experience a bullish return whenever Bitcoin is trading sideways or whenever volatility is shifting the movement of the digital asset. With Bitcoin presently going though a sweet phase, investors would be hopeful that the remittance coin will sustain its bullish momentum.
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