XRP has had quite a journey. The altcoin has been in the news for an array of reasons. From being labeled a security by the Securities and Exchange Commission [SEC] of the US to being ousted by prominent cryptocurrency exchanges, XRP has seen it all. Despite this, the altcoin remained strong and has not failed to amass more fans.
Jordan Belfort aka the Wolf of Wall Street rose to immense fame following the success of the Hollywood movie by Leonardo DiCaprio. Belfort has been vocal about his support for the crypto-verse. More recently, he decided to hop onto the NFT wagon. However, now Belfort revealed that he was inclined towards XRP.
Who would have thought that the Wolf of Wall Street was bullish about XRP? Not only did Belfort announce his holdings but also went on to predict its price.
A Twitter user asked Belfort about his opinion about the SEC vs. Ripple case. Revealing that he was an XRP holder, Belfort tweeted,
“I am a large holder of XRP(six figures)! My TV guy thinks it’s the best thing since sliced bread. Thinks it’s going to $10,000. I hope he’s right, but I’ll settle for $10.”
The altcoin underwent a comprehensive transformation this year. Despite being pushed out from several exchanges, the altcoin managed to steer over $1. While $10 was still quite far off, investors and the XRP army have been hoping to make it past its all-time high of $3.84.
XRP one-day price chart on Binance
The one-day chart of the altcoin noted major bearish signs. The MACD indicator formed a bearish crossover further suggesting that the asset could endure a setback. The Bollinger Bands indicator noted limited volatility as the bands were relatively close to each other. This could be considered a rather good report as the bears wouldn’t be pushing the altcoin any lower.
The sellers had taken over the market, the Relative Strength Index [RSI] indicator confirmed as the marker was below the 50 median.
