Christmas may be coming early for holders of XRP, the third-largest cryptocurrency by market capitalization. As of the time of writing this, the popular altcoin has found itself trading just under 3% up on the day, trading at just under $0.31. This move has seen XRP largely outperform Bitcoin’s relatively mere 0.5% gain.
While 3% is far from the 42% move that BTC saw two weeks back, it is a step in the right direction. In fact, a leading analyst has stated that this move higher has set the cryptocurrency up for a longer-term move to $0.47 — 50% higher than the current price — in the coming weeks and months.
XRP Ready to Run
Peter Brandt, a long-time commodities trader with years in the business, recently remarked that the latest leg higher by XRP has only confirmed one of his bullish analyses of the cryptocurrency’s chart.