It’s been an excellent few weeks for XRP holders, with the token’s value soaring over 12% since May 11.
This bullish momentum shows no signs of slowing, with many in the investment community wondering whether XRP can make it to the fabled $1 level.
At the same time, several penny crypto alternatives are making headway in the market – offering compelling opportunities for those seeking the next potential breakout star.
XRP’s Recent Price Surge Adds Optimism That $1 Can Be Reached
After a solid run-up over the past fortnight, the XRP price is currently hovering around the $0.462 level.
Price has now broken above the 20-day and 50-day EMAs – a bullish signal often preceding a rapid upwards surge.
Adding more confluence is that XRP’s price is creating a bull flag pattern on the daily timeframe. Again, this pattern often appears right before a breakout to the upside, which will be music to the ears of XRP bulls.
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