Ripple is on bull a bull run :
Ripple (XRP) has been showing Uptrend like Bitcoin (BTC) has shown. Ripple (XRP) is moving quite too speedy and if we see the chart on longer time frames like half an hour time frame, then we can see that Ripple (XRP) has been forming a steep upward line, which is too bullish.
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There is almost 70% upward movement in Ripple (XRP) in the past 7 days (week). Being able to pull off this much of an Uptrend is really a big thing in this challenging market of altcoins.
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Ripple (XRP) is having quite good fundamentals and technicals are really great too.
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So, the reasons behind this rally of 70% in this short span of time is the Bitcoin (BTC) halving in this years middle months, after that there have been a major upmove in the Bitcoin (BTC).
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This upmove have given some potential altcoins a great opportunity to grow, as retail investors are pretty much showing a lot interest in these altcoins and are willing to take part in this cryptocurrency rally.
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The other reason for this upmove is that, Ripple (XRP) is doing buyback for their altcoins, which also gave a boost to the value of Ripple (XRP).
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According to reports Ripple (XRP) have bought back more than $40 million of XRP which is making it move higher.
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It will be surging high as according to top analysts of cryptocurrency market the indicators are positive for Ripple (XRP) and so are peoples sentiments.
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