XRP Price Jumps More Than 10% with Sudden Volumes Surge, Breaks Its Downtrend Momentum

2020-2-5 12:57

Coinspeaker
XRP Price Jumps More Than 10% with Sudden Volumes Surge, Breaks Its Downtrend Momentum

XRP that us actively used by Ripple in its solutions has witnessed a sudden inrush of volumes today gaining over 10%. Despite the majority of top-ten cryptocurrencies showing only minor movement, XRP has successfully broken its downtrend.

At press time, the XRP price is 11.84% higher in the last 24 hours and is trading at $0.28. With this price surge, XRP’s market cap has also moved above $12 billion. With today’s price surge, Ripple has broken its two-year downtrend against the USD and BTC.

Moreover, with today’s price surge, XRP year-to-date returns currently stand over 35%. We all know that XRP performance for 2019 has been more than disappointing for its investors. Despite the top-ten cryptocurrencies market giving positive returns, XRP was the only one in this list to give negative returns.

XRP’s On-Demand Liquidity at All-Time High

Ripple’s XRP cryptocurrency is famous for providing on-demand liquidity for cross-border transactions. Ripple’s xRapid payments solution (that is now renamed to ODL) uses the XRP tokens to facilitate instant cross-border transactions at a very low cost.

Today’s XRP price surge shows that the trading volumes on different partner exchanges have jumped to its all-time high.

#Ripple's #XRP On-Demand Liquidity (#ODL) Corridors Hit New All-Time Highs$XRP/MXN= 16,256,837$XRP/PHP= 4,473,945$XRP/AUD= 3,698,440$USD/MXN= 2.27 Million$USD/PHP= 556.67K$USD/AUD= 109.58K pic.twitter.com/81qL5zeKOw

— XRPcryptowolf (@XRPcryptowolf) February 4, 2020

Bitso is one of the popular crypto exchanges which facilitate instantaneous transfer between the U.S.-Mexico corridor using the XRP cryptocurrency. Recently, there’s been an increased demand for the USD-MXN pair through XRP on the Bitso exchange. In an interview, Bitso CEO, Daniel Vogel, said:

“We are finally capitalizing on the huge cross-border flow that exists between the U.S. and Mexico, which is between $30 and $36 billion a year… We’ve built the product alongside with Ripple, and we’re seeing a significant amount of traction, and we believe that this is just the beginning of something.”

The next two immediate resistances for XRP prices immediately are $0.30 and $0.50. Similar breakouts in the past have led the XRP price to surge 6000% against the U.S. Dollar and also 1000% against Bitcoin. If XRP continues to replicate its past performance, we can possibly see its price touch a new high of $14.

Currently, XRP is far from this dream run and much below its 2019-high levels of $0.48. However, today’s price movement has ignited the hope back among XRP investors who have been long waiting for it.

XRP Price Jumps More Than 10% with Sudden Volumes Surge, Breaks Its Downtrend Momentum

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Ripple (XRP) на Currencies.ru

$ 1.3429 (-0.05%)
Объем 24H $2.418b
Изменеия 24h: 0.93 %, 7d: 1.87 %
Cегодня L: $1.3421 - H: $1.3627
Капитализация $82.462b Rank 4
Цена в час новости $ 0.2727 (392.45%)

surge xrp price volumes sudden downtrend breaks

Источник: coinspeaker.com

surge xrp → Результатов: 126


XRP surges by over 4% in an hour

The prices of most cryptocurrencies followed the lead of Bitcoin, however, XRP surged on July 7. Within the past hour, the third largest coin surged by over 4% in an hour. XRP had been seeing a sideways movement for a long time, this sudden surge in its price motivated the community and provided the coin […] The post XRP surges by over 4% in an hour appeared first on AMBCrypto.

2019-7-7 08:30


XRP interest on the rise as analysis shows formation of a ‘quadruple bottom’

The cryptocurrency market has been subject to a significant bull run that has not only catapulted the prices of digital assets, but also their corresponding market caps. XRP, the third largest cryptocurrency, had more of a rollercoaster ride rather than the sudden surge enjoyed by Bitcoin, with the coin trading at a 6-month high, at […] The post XRP interest on the rise as analysis shows formation of a ‘quadruple bottom’ appeared first on AMBCrypto.

2019-6-26 21:30


Partnership Triggers Over 170% Surge For MoneyGram But Ripple’s XRP Still In Decline

Ripple has just inked a partnership with Moneygram in its quest to expand its market reach. The company has invested around $50 million in Moneygram. In so doing, Ripple means to shore up the adoption of XRP and take the crypto mainstream, especially considering that Moneygram serves a large user base that would benefit from […] The post Partnership Triggers Over 170% Surge For MoneyGram But Ripple’s XRP Still In Decline appeared first on ZyCrypto.

2019-6-19 17:02


XRP primes itself to race to the moon after prominent analyst predicts coin breakout

The race to the top of the cryptocurrency mountain is one dominated by Bitcoin. However, there is huge competition among other altcoins to follow suit. Since Ethereum overtook XRP on the crypto-charts, the XRP community has been salivating patiently for the token to surge again and according to recent reports, there have been new signs […] The post XRP primes itself to race to the moon after prominent analyst predicts coin breakout appeared first on AMBCrypto.

2019-6-5 17:30


Ethereum “Looking Good” With New Volume Highs Since 2017 While XRP Looks “Promising” to Test Previous High Plus BSV’s 62% Surge

Ethereum “Looking Good” With New Volume Highs Since 2017 While XRP Looks “Promising” To Test Previous High Plus BSV’s 62% Surge ETH consolidation right on top of the Aug-Sept resistance 99 percent of banks love what (Ripple) is doing – Brad Garlinghouse BSV Surges after “Faketoshi” Files for Copyrights of Bitcoin Whitepaper The second largest […]

2019-5-22 18:12


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