XRP exhibits unusual growth trend as price remained resilient with 25% week-to-date growth
XRP demonstrates an uncommon growth tendency, as its price has remained resilient with a 25.36% WTD rise. XRP, currently priced at $0.4462, is one of the top-performing altcoins this week in terms of growth rate.
While XRP’s short-term growth prospects are promising, investors should keep an eye on sure of its fundamental indicators. For example, the trading volume over the last 24 hours has exceeded the digital currency’s growing rise earlier today by a negative trend.
XRP/USD 4-hour chart | Source: TradingView
It presently outperforms all of the top ten digital currencies in terms of market capitalization, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
According to CoinMarketCap, trading volume has decreased by less than 38% to $2.85 billion, indicating that traders are not as bullish on cryptocurrencies as previously anticipated. Nonetheless, the 120 million tokens that changed hands, as reported by Whale Alerts, provided an essential update on the XRP accumulation pattern.
XRP still has one of the most vital communities among its peers, and the prospects are promising; however, betting on the coin requires some caution.
It is an understatement to say that XRP and its affiliated blockchain payments startup, Ripple Labs Inc, are doing well. The latter has expanded its reach beyond the United States in recent years despite the ongoing dispute.
Despite this, the long-awaited summary ruling from the US Securities and Exchange Commission remains a bottleneck that must be incorporated into any attempt to gamble on bitcoin in the medium to long term. XRP is a fragile digital currency whose development prospects will not be properly highlighted until the SEC action is fully settled.
Read more:
- Whales Are Interested In XRP, Presumably Driven By Speculations Around Ripple With SEC And Improving Sentiment
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