Bitcoin, Ethereum and XRP consolidate anticipating a major price move

Now, Bitcoin, Ethereum, and XRP appear to be bound for a significant move in the next few days.

XRP. XRP has seen a spike in its network activity, which seems to point out that the market is preparing for Ripple's Swell.

In 2017, XRP hit a low of $0.15 around 30 days before the conference took place.

As the market did not see enough value on the announcements made during the conference, XRP went through a 42 percent correction.

After being worth $0.30 on Oct. 16, 2017, XRP plummeted to $0.17 only 17 days later.

Along the same lines, XRP experienced a 214 percent upswing last year in anticipation of Swell.

After the conference was over, XRP plunged 64 percent over the next two months hitting $0.29 on Dec. 15, 2018.

A spike in volume may allow XRP to break outside of the current trading range where it sits.

XRP is currently trading around the bottom of the channel.

While the lack of volume across Bitcoin, Ethereum, and XRP adds credibility to the bearish outlook, the sudden spike in prices seen las week tells a different story.