Thanks to a price increase of almost $2 XRP surpassed the stock market token Binance BNB and ranked fifth in terms of market capitalization. Currently, XRP lags behind only Bitcoin in value, Ethereum (ETH) Tether (USDT) and Solana (SUN).
Last day kriptovalyuta from Ripple Labs has risen by more than 16%, reaching 22,49% in a week. Now XRP is trading at $1,89, and the token's market capitalization is at $107 billion.
According to analyst Bill Morgan, the rally XRP outpacing even Bitcoin’s growth over the past three years. The asset’s strong bullish momentum became evident when its price rose from $1,47 to $1,71. This jump coincided with a sharp increase in 24-hour trading volume of 127,03%.
Of course, when you look at the $11 billion daily volume, $200 million a month in sales seems insignificant. Many former supporters of the company dumping theory Ripple , no doubt quietly deleting their previous posts, Morgan wrote.
At the same time, technical indicators on the chart XRP show that a rapid growth of an asset may be followed by a short-term correction.
Timetable XRP
The Relative Strength Index (RSI) is at 70,12, indicating overbought conditions. However, the MACD indicator remains above its signal line, indicating continued bullish momentum, while hinting at a possible slowdown.
