The XRP community is having its field day after the price of Ripple's native token surged by about five percent, leaving other coins behind. At press time, XRP is changing hands at $0.264 after briefly surging to $0.269.
Su Zhu, the CEO of Singapore-based hedge fund Three Arrows Capital, says that the third biggest cryptocurrency currently represents the biggest bull case for Bitcoin, which has been struggling to get back on its feet after a gargantuan price drop that took place on Sept. 25.
As reported by U.Today, XRP has a strong momentum after its MACD indicator turned bullish. Historically, the token's price would surge at least 170 percent every time it happened.
Even relentless XRP hater Peter Brandt recently had a change of heart about Ripple's native token. The trading veteran suggested that XRP was bottoming against BTC.