XRP price might be in the process of “loading a moonshot,” according to the pseudonymous trader and investor Crypto Rand. The token’s potential rally would make “everyone cry,” according to the popular chartist.
XRP Price May Make Everyone Cry, This Trader Says
A price chart shared by Crypto Rand shows that the XRP token appears to have formed a symmetrical triangle. Such patterns typically form during periods of consolidation. The direction of the ongoing trend is to the upside, which is good news for the bulls.
The XRP price is up 5.66% over the past 24 hours, according to data provided by crypto data site CoinMarketCap. The cryptocurrency is changing hands at $0.48 on major spot exchanges. Last month, Token experienced a significant rally amid speculation surrounding Ripple’s ongoing battle with the U.S. Securities Commission. In September, both parties filed motions for summary judgment.
Top US record producer and songwriter expects global adoption of XRP to boost soon
In a recent tweet, Eric Finnerud, known as E-Smitty in professional music circles, praised XRP, saying that he expects it to be adopted by the entire world soon.
In a recent tweet, U.S. record producer, audio engineer, and songwriter E.Smitty (also spelled “E-Smitty”) shared that XRP is important for him since he believes in the present and the future of this cryptocurrency. He uses XRP daily to pay royalties to the artists he works with, and he accepts payments in XRP for mixing, mastering, producing, and marketing in this crypto.
Among the advantages of XRP he named was that transactions just take three seconds and tiny fees. Therefore, he believes that XRP will be adapted by the world shortly.
In the summer, legendary Kiss rock band Gene Simmons tweeted that he still holds crypto and had not sold any. Last year, the base player and singer from Kiss stated many times on Twitter that he holds Bitcoin, XRP, ADA, and other digital currencies. Once, he even admitted that he was a Bitcoin millionaire, denying getting paid to shill digital assets on his Twitter page.
Read more:
- SEC Wants To Prevent I-Remit And TapJets From Filing Their Amicus Briefs
- CryptoLaw Founder Called Out Manipulation On The Part Of SEC In Its Use Of The Term “Crypto Securities”
- For First Time, Ripple Has Not Moved 1 Billion XRP Out Of Escrow As New Month Has Begun
- If Ripple Beats SEC In Court, It Will Have Crucial Meaning For Entire Crypto Space