For the third or fourth day in a row, bulls have decisively taken control of the cryptocurrency market. Leading the pack wasn’t Bitcoin or Ethereum (ETH), it was XRP, the third-largest cryptocurrency by market capitalization and an asset that is either despised or loved.<\/p>\n
As reported by NewsBTC previously<\/a>, the Ripple-linked token surged on Monday, rallying as high as 12% and tapping $0.22 as buyers stepped in en-masse. For some perspective, Bitcoin gained a mere 6% on Monday, tapping $8,000 in an amazing surge higher.<\/p>\n While the momentum has paused for XRP, analysts are saying that the asset’s rally could be bullish for Ethereum and other major cryptocurrencies.<\/p>\n Cryptocurrency trader Hsaka noted<\/a> that XRP’s double-digit daily candle, something that “we haven’t seen in a long while,” is likely a sign that “other majors” (meaning other leading altcoins such as Ethereum and Litecoin) will soon see a similar trend of posting jaw-dropping gains in a single trading session.<\/p>\n $XRP<\/a> flexing with a double digit daily candle, something we haven't seen in a long while.<\/p>\n Question is, if this is an outlier, or an indication of what lies ahead of other majors.<\/p>\n My money's on the latter. pic.twitter.com\/uZyh76zvnM<\/a><\/p>\n — Hsaka (@HsakaTrades) January 6, 2020<\/a><\/p><\/blockquote>\nEthereum Getting Ready to Jump Higher<\/h2>\n
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