Ripple Looking Good

Could the Rumor Be True?

Coinbase has been in the news the last couple of days for various reasons; releasing records to the IRS, class action suits because of the handling of the Bitcoin Cash listing announcement and probably the least substantiated of them all, the imminent listing of XRP. It appears that there is either some traction to this rumor or at least people believe in it enough to wake up the bulls and go on a little Ripple shopping spree, especially when you look at the hourly chart.

Taking a look at the daily chart, XRP took a bounce off of the support line that I drew yesterday. Whether or not the rumor is true, there is defiantly interest in XRP that is driving the price up. Coin Market Cap has Ripple up over 17% from yesterday and added $1 billion to the market cap.

A New High?

It seems that the news is helping Ripple out here and I am anticipating seeing some more growth over the next couple of days. Tomorrow could be the big day with two Ripple executives appearing on CNBC tomorrow to maybe make a big announcement? If you are not on the bandwagon yet, I would suggest that you get on it now because we might see Ripple up over $2 in the next couple of days!

Check out my other crypto posts:

First Bank to Get a Clue
Bank of America Admits Crypto a Threat
Attention Haters: Ripple Making Some Big Moves
Telegram on track for a $1 billion ICO?
Here We Go Litecoin!
Big Gains for Ripple on the Horizon
If You Can't Fight 'em, Join 'em: Salon Offers Ads or Bitcoin Mining
XRP (Ripple): The Gateway Crypto

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