XRP at $15 Price Becomes Part Of The Bigger Picture After 90% Rocket Move In A Week

XRP at $15 Price Becomes Part Of The Bigger Picture After 90% Rocket Move In A Week
фото показано с : zycrypto.com

2024-11-18 20:58

XRP rallied 80% in one week, surging past $1 for the first time in three years. Its market capitalization hit $61.4 billion, pushing Dogecoin (DOGE) to seventh place. Whale activity and hopes for regulatory clarity fueled the surge.

On Saturday, XRP reached $1.26, its highest since November 2021. The price jump marked an 85% weekly increase. Whale wallets holding 1–100 million XRP accumulated 453.3 million tokens worth $526.3 million, Santiment data shows.

At the same time, retail traders dumped 75.7 million tokens worth $87.9 million. This shift highlights growing confidence from major investors. XRP’s trading volume rose by 81%, reinforcing its strong momentum.

XRP Overtakes DOGE on Market Cap Rankings

XRP’s market capitalization climbed to $60.39 billion, overtaking Dogecoin’s $53.29 billion. The flip cemented XRP as the sixth-largest cryptocurrency.

The rally comes as Dogecoin struggles to maintain its position. Increased trading volume and whale buying gave XRP the edge.  

Crypto Ranking: Source: Coinmarketcap

XRP’s surge follows progress in regulatory discussions. Ripple’s long legal battle with the SEC continues to impact the coin. However, a recent lawsuit by state attorneys general and the DeFi Education Fund questions the SEC’s crypto oversight.  

This legal push boosts market optimism. Investors expect clearer regulations and a favorable outcome for Ripple.  

After peaking at $1.26, XRP fell to $1.05. Whale Alert reported large transfers, including 10 million XRP worth $11.3 million to Bitstamp. Whale profit-taking drove the pullback.

CryptoQuant data shows XRP exchange reserves increased by 44 million tokens between November 13 and 16. This coincided with a 56% price surge, signaling mixed market sentiment.

Analysts Split on XRP’s Next Move

Overbought conditions on multiple timeframes raise caution as CoinGlass reports $12.6 million in XRP liquidations, including $9.1 million in long positions.

Analysts remain divided. Chris McCrypto predicts XRP could hit $15–$20 in the next cycle. CryptoCharged suggests a dip to $0.65–$0.75 before another rally.

For now, XRP’s rise signals renewed interest and growing market confidence as its leap over DOGE highlights its resurgence as a top cryptocurrency.

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Ripple (XRP) на Currencies.ru

$ 1.3308 (+0.42%)
Объем 24H $1.804b
Изменеия 24h: 0.02 %, 7d: -1.04 %
Cегодня L: $1.3227 - H: $1.3372
Капитализация $81.719b Rank 4
Цена в час новости $ 1.0723 (24.11%)

xrp growing market interest cryptocurrency renewed confidence

Источник: zycrypto.com

xrp growing → Результатов: 126


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Фото:

Ripple offloads nearly $200m in XRP; will this thwart its growing signs of bullishness?

XRP has seen some decent bullishness over the past several days, which has allowed the cryptocurrency to secure what appears to be a strong foothold within the mid-$0.20 region. This bullishness has come about in the face of turbulence within the aggregated crypto markets, with Bitcoin struggling to break through the intense resistance that exists […] The post Ripple offloads nearly $200m in XRP; will this thwart its growing signs of bullishness? appeared first on CryptoSlate.

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