Investing in XRP Is 'Super Attractive” Right Now – Major Ripple News

Zach Humphries, a YouTube channel with more than 150,000 subscribers, revealed that something huge is coming for Ripple, making investing in XRP a super attractive step.

Popular YouTuber Zach Humphries believes that XRP is an attractive investment due to its strong technical analysis, utility, and strategic partnerships.

Humphries, who runs a YouTube channel with over 150,000 subscribers, recently discussed XRP’s price action and potential in a video titled “XRP Price Spiking Very Soon (Insanely Bullish).”

Humphries pointed out a symmetrical bullish triangle pattern that has been forming over the past six years of XRP's price performance, indicating the possibility of a breakout. He explained that two converging trend lines met at the apex as a result of the price showing lower highs and higher lows.

The YouTuber noted that this pattern usually indicates that the price may break out in the direction of the existing trend, which is up. He added that if the 2018 case is followed, during the 315-day rally, the price of XRP surged by 60,000%.

Humphries highlighted that this suggests that once the breakout occurs, the bullish momentum for XRP will continue. He also mentioned the importance of XRP being in the clear legally for the first bull run, which he believes will be driving this up.

According to Humphries, not much remains until the pattern is completed, and he noted that the price was at 60 cents at the time of the video, up about 6% over a 7-day period. He added that several factors are driving this momentum.

Humphries pointed out that one of the big voices in the XRP room, crypto analyst Brett Hill, highlighted the significance of this break above consolidation. He explained that Hill believes it will pave the way to hit 68 cents, 68.5 cents, and then we can start to talk about a spike to $1.

However, the YouTuber noted that a little bit of liquidation is happening, leading to short-term volatility. He added that 58 million XRP has been sold in the past 13 hours.

According to Humphries, Whale Alert showed that 33 million XRP valued at around 20 million was transferred from an unknown wallet to Binance, which was likely for a liquidation. He explained that an XRP explorer shows the Binance transaction was made internally, and the anonymous wallet was linked to the crypto exchange.

Humphries highlighted that a deposit was also made to Bitstamp from a digital wallet associated with Ripple. He added that despite all these, the analyst sees the price spiking very soon as the liquidation reduces.

The YouTuber concluded his analysis by stating that he believes XRP is on the verge of something very huge and that it is also very close to a major breakout from its price action pattern.

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