The rally was so quiet, in fact, that it was ignored by every crypto price tracker, news blog, and armchair analyst.
According to a now-deleted article from Investing.com (luckily, I archived it), the ripple price cleared a crucial threshold on Friday. No, the unnamed author wasn’t referring to the $0.30 barrier XRP slid under earlier this month, but rather a far more important resistance line: $9.35.
“XRP was trading at 9.35560 by 02:20 (06:20 GMT) on the Investing.com Index, up 97.17% on the day, Investing.com wrote.“XRP had traded in a range of $0.26774 to $9.36570 in the previous twenty-four hours.”
Now, I didn’t major in mathematics at university – and in full disclosure, I ditched Pre-Calculus for Consumer Math during my senior year of high school – but even I don’t need a calculator to know that something’s not quite right with Investing.com’s math.
While still a ridiculously-bullish rally, a one-day surge of 97.17% would have carried the ripple price to just $0.53, nowhere near its all-time high near $3.85 – much less $9.36.
Had the ripple price actually spiked about $9.36, it would have constituted a daily gain of roughly 3,400% –