Bullish sentiment as XRP rallies above $0.45

Profile picture
Ibis
Jun 4, 2019

While it’s nowhere close to staging another flippening, Ripple’s latest gains got the XRP army all giddy about the project’s mid-term potential.


This morning the coin spiked just over 4% to an intraday high $0.459 in less than 2 hours, before eventually mirroring Bitcoin’s downswing back to the $0.44 range. It has since mostly stabilized at around that level, and has been trading sideways for the rest of the day.


Despite the run, some Ripple enthusiasts were visibly annoyed with Bitcoin for promptly ending XRP’s breakout:

Nonetheless, the overall XRP sentiment has been overwhelmingly positive today, perhaps elevated by the fact that this is the coin’s second notable uptrend in the past 7 days. The Ripple subreddit has been in full bull mode throughout the day:

As for the cause of the pump, most seem to pin it squarely on rally-favored TA, none of that fundamental shenanigans:

Over on Twitter, TA pundits appear similarly bullish about XRP’s future action:

Overall, there seems to be a steady influx of pro-Ripple sentiment accumulating at the moment. Will that translate to growth on the XRP chart? One thing’s for sure - the answer lies somewhere in this thread:

XRP
Profile picture
Ibis
Jun 4, 2019

Assets from this insight

Ripple logo

RippleXRP

$ 0.220467

2.78%in last 7d