XRP has rebounded after a period of bearish momentum, jumping 16% in the past 24 hours.
That’s the largest one-day gain in the past nine days.
However, XRP isn’t the only crypto turning heads.
Many traders are eyeing up-and-coming presale projects Flockerz and Crypto All-Stars as candidates for even greater returns.
XRP Rebounds & Reaches Highest Price in Over Three Years
XRP is now trading at $1.66, which is a price that hasn’t been seen since May 2021.
The token’s price chart has been flashing bullish for weeks, and recently formed a bull flag pattern on the 4-hour timeframe.
XRP has now broken out of that pattern – and is on track to make it four green weeks in a row.
So, why all the positivity?
For starters, investors are buzzing about the upcoming changes at the SEC.
Gary Gensler will be leaving his post in January, and that has everyone hoping for a regulatory environment that’s a bit more crypto-friendly.
In addition, XRP is seeing massive trading volumes on South Korean exchanges, suggesting strong institutional demand in Asia.
But the real catalyst is the amount of XRP flowing into long-term storage wallets.
Whales are settling in for the long haul, taking a lot of XRP out of circulation.
This move suggests they think XRP’s price will keep rising.
Low-Cap Gem Flockerz Could Deliver Higher Gains Than XRP as Presale Hits $3.7M
XRP is bullish right now, but smaller-cap cryptos often have more room for upside during periods of positive market momentum.
That potential for massive gains has everyone scanning for the next big thing – the hidden gems that could outpace XRP and other top altcoins.
That’s where Flockerz (FLOCK) comes in.
This project is offering a brand-new approach to community governance.
Go to Source to See Full Article
Author: Felix Mollen
