Ripple’s native token joined the altcoin trend on Friday and jumped from $1.86 to a three-week high of $2.05, remaining above $2 despite some resistance. This move helped XRP reclaim the fourth spot in market capitalization from Binance Coin, which is up about 1% daily and 4.4% weekly. BNB’s market cap sits around $120 billion, while XRP’s has neared $122 billion.
XRP touched a three-week peak, and the XRP Army rejoiced after weeks of sideways trading below $2.00 and even $1.90. Cobb, one of Ripple’s most vocal supporters, predicted the asset won’t go below $2.00 again, even though it’s excruciatingly close to doing so now. Analyst CW indicated that the rally began after the asset broke past the first resistance at $1.90, noting that XRP short positions are slim and could support further gains. On a macro level, CW explained that XRP’s Phase 4 has just begun, with breaking through the $3.65 July 2018 all-time high as the top priority.
The next step in XRP’s Phase 4 is beginning. Breaking through the ATH is the top priority.
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