bullish

Verge

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Popular cryptocurrency XRP may be on the verge of more than 25% growth, after its price found itself in a similar position as last month. After October, expected by many as a month that will bring growth and green candles, began with the collapse of quotes on the crypto market, the&nbsp;<a href="https://u.today/100-million-xrp-tokens-in-24-hours-whats-happening">XRP price</a> came to $0.53 per token.&nbsp;
The last time the seventh largest cryptocurrency was quoted here was a month ago, in the first decade of September. At that time, after having been in a downward trend since mid-August,&nbsp;<a href="https://u.today/xrp-etf-approval-is-matter-of-when-not-if-president-of-etf-store">XRP</a> found a bottom in this zone and, after a brief accumulation, showed a rapid growth of more than 25%.&nbsp;
That growth was accompanied by the news that Grayscale will launch its own investment product for XRP, as well as several bullish patterns and a golden cross on the price chart. As a result, the sentiment and news background allowed a rather heavy cryptocurrency to compete with meme tokens with a much smaller capitalization than XRP in terms of growth rate.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="688b0cac-81f5-4b89-a9df-385dfc2986ef" src="https://u.today/sites/default/files/inline-images/XRPUSDT_2024-10-09_19-37-26.png">Source: <a href="https://www.tradingview.com/x/lpYKiaX3/">TradingView</a>
Now, after falling 13.18% in the first three days of October, the&nbsp;<a href="https://u.today/85-million-xrp-volume-spike-is-something-coming">price of XRP</a> has also found a bottom almost exactly where it was a month ago and has moved into accumulation just as it did in September. This has led to the idea that XRP could be in for round 2 and a repeat of the September-like bullish rally.&nbsp;
If this is indeed the case, then the information field around the popular cryptocurrency is likely to be shaken by some high-profile announcements in the near future.

XRP on Verge of 25% Rally: Big XRP News Imminent?

U_Today

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