Ripple’s XRP Reclaims Third Spot From Tether Following Monster Surge

Ripple’s XRP Reclaims Third Spot From Tether Following Monster Surge
фото показано с : zycrypto.com

2020-7-29 20:21

The price of XRP, the native cryptocurrency of Ripple’s network appreciated significantly over the last 24-hour trading cycle to reach $0.24 a coin — the highest level since March. XRP’s rally comes at a time when other cryptocurrencies are rallying amidst a market resurgence.

The impressive rally has seen XRP taking back the third spot from Tether (USDT) stablecoin.

XRP Bulls Aim For New Yearly High

Earlier in the day, XRP surged over 10% to hit $0.24. This level was last seen in March before the coronavirus-fuelled meltdown. In comparison, bitcoin rallied a modest 0.58% over the same timeframe and ethereum gained 1.23% against the US dollar. At press time, however, XRP has retraced slightly to $0.2387.

XRP, the now third-largest cryptocurrency, has gained 16% on a weekly basis as its monthly gains amount to 35%. Interestingly, this makes XRP one of the best performing digital assets in the crypto markets this month.

XRP’s bullish breakout comes as bitcoin continues its uptrend after recently jumping above $11,000. While XRP was late to the party in this recent rally, the digital asset seems to be coming alive.

In general, it appears that most top ten cryptocurrencies are finally breaking out of their long-term downtrends. Combined, cryptocurrencies currently have a total market cap of 328 billion. 

What Lies Ahead For XRP?

Despite the recent rally, XRP is still the worst-performing large-cap crypto this year so far. While bitcoin has gained over 52% since the beginning of the year, XRP is up by only 23%. Even more outstanding is Cardano’s (ADA) over 320% yearly gain on the back of the long-awaited Shelley upgrade.

An analyst has noted that XRP bulls need to “step up the gas” or risk a steep correction.

$XRP BTC Pair

Now that the daily demand got retested can we finally send it out of this range? 2400 is such a tasty target for now. With the USD Pair looking like it does and the retest XRP saw on the BTC Pair I think it's time for it to step on the gas. Otherwise -> 1500 Sats pic.twitter.com/Uylo5HaSLC

— Smokey (@TraderSmokey) July 28, 2020

In the meantime, investors should look out for the 0.2400 level. Defending this level with an iron fist will invalidate the bearish outlook, as TraderSmokey suggests.

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Ripple (XRP) на Currencies.ru

$ 2.0845 (-0.28%)
Объем 24H $4.501b
Изменеия 24h: -3.15 %, 7d: -14.96 %
Cегодня L: $2.0777 - H: $2.0945
Капитализация $121.33b Rank 4
Цена в час новости $ 0.2431 (757.47%)

xrp ripple rally comes march level coin

Источник: zycrypto.com

xrp ripple → Результатов: 126


Ripple (XRP) price expected to hit $3 in coming days but traders look toward this XRP rival for greater gains

XRP from Ripple experienced a 7% value increase in the last 24 hours, which created new positive market feelings because experts predict it will reach $3.40. Technological indicators show a crucial market inflection point because the token’s 4-hour resistance barrier has failed and the appearance of a Golden Cross pattern on the Relative Strength Index […]

2025-3-9 08:45


Ripple разблокирует 1 миллиард XRP 1 февраля

Компания Ripple, разработавшая реестр XRPL и выпустившая токен XRP, разблокирует 1 миллиард XRP в субботу 1 февраля. По текущим ценам эта разблокировка стоит $3,10 млрд. Когда XRP был запущен в 2012 году, Ripple оставила 80 миллиардов из этого запаса для собственных нужд, постепенно продавая токены на рынке.

2025-1-31 12:11


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