This is what a bull market looks like… when everything explodes without reason but because it is a wild bull season.
Today, in a violent move, XRP moved and posted a giant green candle. Such a big move was last seen in mid-September 2018 when the digital asset went from about $0.26 to $0.78 before continuing its descent into the darkness.
— BitBit.BTFD (@BitBitCrypto) November 21, 2020
Such giant monster candles were previously seen only during December at the peak of the 2017 bull market.
At the time, the first green candle took it from about $0.22 to $0.90, another one was seen from $0.9 to $0.245, and the last one took it to an all-time high of $3.3.
It just might be the time for the fourth-largest digital currency to make some moves.
— Squeeze (@cryptoSqueeze) November 23, 2020
Going to nearly $0.440 over the weekend, XRP recorded gains of 40% in just one day. Continuing this uptrend, XRP went up further as high as $0.554 — a last seen level in November 2018.
At the time of writing, XRP has been trading at $0.533 with $2.59 billion in volume, the fourth largest volume after BTC ($3.52 billion), ETH ($4.06 billion), and USDT ($9.45 billion).
Imagine thinking $XRP would “never pump again” lmao.
— Credible Crypto (@CredibleCrypto) November 21, 2020
The digital asset first started trending up on Thursday when trading was at $0.283, and in just four days, XRP price has surged more than 95%. This strong breakout means everyone wants a bite of XRP, with analyst Mati Greenspan saying,
“When I sold 1000 XRP in 2017 for $1.08 a piece, I never thought that I’d be buying back in at 52 cents in 2020.”
I never expected it to happen quite this fast, man. These are the trades we do this for. $XRP blown through the lower bound of the target range.
Anything up here is just extra gravy, but I’m keeping in mind that this thing has gotten totally out of control in the past. pic.twitter.com/AkH9K7JDh3
— Jonny Moe (@JonnyMoeTrades) November 23, 2020
Altcoins have started to pop out because Bitcoin has been taking a breather around $18,000, just inches away from its all-time high of $20,000.
Besides XRP, other notable movers on the first day of the week included DXT (424%), ZEN (67%), OXT (23%), and VeChain (14%). In this month alone, the total market has added $143 billion.