XRP climbs to $0.53 in market’s best weekly performance – What’s next?
The post XRP climbs to $0.53 in market’s best weekly performance – What’s next? appeared on BitcoinEthereumNews.com.
XRP has remained in the $0.5 price zone. The trade volume increased by over 30% to over $2 billion. Ripple’s XRP experienced one of its most stable periods over the past few weeks, culminating in a strong performance that positioned it among the top gainers for the week. Its most significant surge occurred just as the week was concluding, with the cryptocurrency enjoying a double-digit uptrend. This late-week surge contributed significantly to its overall weekly gains. Ripple features among top gainers According to CoinMarketCap data, Ripple (XRP) emerged as the fifth-largest gainer last week, recording a substantial gain of over 21%. Notably, among the top ten cryptocurrencies by market capitalization, XRP showcased the highest percentage gain over the past seven days. As of this writing, XRP holds the position of the seventh-largest cryptocurrency with a market capitalization of over $29 billion, which has increased by over 3% in the last 24 hours. Additionally, its trading volume has surged significantly, with a 30% increase in the last 24 hours, totaling over $2.6 billion. Ripple sees consecutive uptrends Analysis of Ripple on a daily timeframe revealed that it started the week with a notable decline, dropping over 6% from around $0.44 to $0.41. However, the cryptocurrency quickly rebounded, registering a 2.7% increase the following day and continuing on an upward trajectory after that. The most significant surge occurred on 13th July, when XRP experienced an impressive 10.9% increase, elevating its price from approximately $0.47 to $0.52. Source: TradingView As of this writing, XRP was trading with an increase of over 1%, with its price now around $0.53. This ongoing uptrend is also reflected in the Relative Strength Index (RSI), which is now close to 70, indicating that XRP is in a strong bullish trend. The RSI nearing 70 also suggests that XRP might…
Filed under: News - @ July 15, 2024 5:16 am