Ripple's XRP Price Rises While Bitcoin (BTC), Ethereum (ETH), and Other Top Coins Remain in the Red

Libra Coin News
Mon, 10/07/2019 - 05:08
Alex Dovbnya
Ripple's XRP suddenly spikes five percent while Bitcoin slips below the psychologically important $8,000 level
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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. 

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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. 

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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.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.