XRP Leads the Rest in an Altcoin Resurgence, up 33% in 24hrs
XRP has exhibited impressive gains of over 30% in the last 24 hours
The remittance coin has led altcoins in what looks like a confirmed alt season
One reason for XRP’s gains is the Flare Networks snapshot on the 12th of December
Technical analysis of XRP also confirms its bullishness
The remittance coin of XRP has wowed the crypto-verse by posting very high double-digit gains in a 24 hour period. According to Coinmarketcap, XRP is up 33% which dwarfs impressive gains of other major digital assets such as Ethereum (5.46%), ChainLink (6.35%) and Cardano (18.21%).
A quick glance at the XRP chart reveals that the remittance coin just hit a 2020 peak value of $0.437 signifying a 45.6% increment in a 24 hour period. XRP’s impressive run in the past week could loosely be translated to signal the beginning of a short term alt-season as Bitcoin consolidates below the $19k price level.