Ripple's XRP continued its rally on Wednesday as it looks to test the upper boundary of a key flag channel.
Ripple's XRP could rally to $4.75 despite rising profit-taking among investors Ripple's XRP continued its rally on Wednesday as it looks to test the upper boundary of a key flag channel. Following the recent price rise, investors booked profits worth nearly $800 million while options traders bet on the remittance-based token hitting the $5 mark.
The spot market shows institutional investors and whales maintained a bullish sentiment, potentially scooping up ETH at lower prices during the recent dip. Bitcoin reclaims $100K following release of US CPI data for November Bitcoin surged above $100K on Wednesday following the release of the US November Consumer Price Index data, which came in line with expectations at 2.7%.
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