Crypto currency, XRP saw a surge on Saturday, believed to be driven by the same plot as the recent GameStop (GME) stock surge.
Based on the data, the currency developed by Ripple has jumped to a high of 56% since December 22, 2020 to $ 0.51, making it the biggest jump in a day since December 21, 2017.
The surge apparently stemmed from a Telegram group known as Buy & Hold XRP (t.me/pumpxrp) and an official account with the same name, a different link (t.me/pumpxrpofficial) created on Saturday, causing the cryptocurrency to become expensive.
Based on the information in the two chat rooms, the XRP pump is expected to start today, February 1, 2021 at 8:30 AM EST (9:30 pm Malaysian time).
The idea of a cryptocurrency pump is not something new in this sector. The surge in GME shares closely linked to r / wallstreetsbets has brought the confidence of crypto investors especially XRP to do so.
With the high number of fans, it is not impossible that the price of XRP managed to jump to the highest level after weeks of setting a horizontal record.
For the record, GME shares have jumped over 400% in the last week and the Dogecoin (DOGE) cryptocurrency also rose around 800% the day before the XRP surge due to a similar strategy.
At the time of writing, XRP is up 11.64% to $ 0.48 in 24 hours. Analysts expect this surge to not end in the near future.
