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

$ 1.1028 (-1.87%)
Объем 24H $6.647b
Изменеия 24h: -1.62 %, 7d: 55.53 %
Cегодня L: $1.0851 - H: $1.1536
Капитализация $62.784b Rank 6
Цена в час новости $ 0.2727 (304.4%)

surge xrp price volumes sudden downtrend breaks

Источник: coinspeaker.com

surge xrp → Результатов: 126


XRP to ascend with descending broadening wedge pattern

XRP crossed a major barrier this week by breaching $30-key level but fell shortly after. After a surge of 2.05% over the past 24-hours, XRP rose to a valuation of $0.29, at press time. Lately, XRP’s price has been following an uptrend and as bears continued to dominate the market, a potential bullish breakout could […] The post XRP to ascend with descending broadening wedge pattern appeared first on AMBCrypto.

2019-10-20 00:30


Ripple, Moneygram Had An Impact On The XRP Token But No One Noticed

In a tweet on August 23, 2019, Breanne M. Madigan, Global Institutional Markets at Ripple blockchain company said the XRP/MXN trading volume on Bitso crypto exchange spiked by over 25%. Also, the surge in trades occurred at a time when MoneyGram began using Ripple’s xRapid technology in Mexico, which shows the technology’s real use case […] The post Ripple, Moneygram Had An Impact On The XRP Token But No One Noticed appeared first on ZyCrypto.

2019-8-24 13:10


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