XRP (Up 34%) Soars Over Asian Expansion and New VeChain (Up 13%) ATH

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Last Updated on 6 April 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Boring Bitcoin is back with the most famous crypto now holding onto the $58k level for days on end.

In fact, Satoshi Nakamoto’s invention has now barely moved for a week and crypto enthusiasts are wondering whether this is because of all the institutional money being pumped into it.

Although Bitcoin is still having a wonderful 2021, this new pace of non-movement means the excitement is mostly found in altcoins.

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XRP Expands and price skyrockets

This site has been warning for weeks that any piece of good news for XRP could result in a massive leg up. Although the SEC court case still isn’t finished, the fact that it is now left up to the judge to prove whether or not XRP is a security means their suit looks rather weak.

A possible positive outcome or a settlement for Ripple Labs could be in the works.

Furthermore, CEO Brad Garlinghouse is not even waiting for the outcome apparently.

The announcement last week that his company is taking a 40% stake in Tranglo, one of Asia’s largest cross-border payment firms, combined with the fact that his press appearances look ever more reassuring has lured investors back into XRP, which has seen its price soaring in the past few days. Today XRP is up 34%.

VeChain Celebrates New ATH

Justin Bennett wasn’t allowed to rest on his laurels for long. The favorite analyst of the VeChain fans had every reason to celebrate after his prediction came through much sooner than expected.

The small altcoin which specializes in supply chains and product authenticity broke through the $0,10 level yesterday to reach a new all-time-high. According to rival technical analysis from FX Street, there’s another 30% bull run in the works.

Bennett stated that:

$VET above 10 cents is an awesome sight!

But he also explained that the coin needed a close above 10 cents to affirm the break.

FX Street confirmed this view, saying that:

It is essential that VET bulls conquer these levels, which will affirm the buyers’ potential. This move will create a foothold for VeChain buyers and allow them to propel the cryptocurrency toward the intended target at $0.123.