09.12.2021

Ripple XRP Gains Extra 6% Against the USD This Morning as it Moves Above the $0.24 Level

Ripple Aims to Make the XRP Ledger Carbon Neutral. In our Ripple News a few days ago, we noted that the XRP Foundation has partnered with the Energy Web Foundation to achieve a carbon-neutral XRP Ledger by 2030.

XRP has joined companies like Google Apple to work toward this goal but they have taken a more transparent approach. This move will eventually lead to a surge in popularity for XRP.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

  • XRP Gains Some Momentum Outperforming the Market in Latest Surge
  • The 6% Rise in Price is not Enough to Prove That the Bulls are in Control, XRP just Cross the Resistance at the $0.2500 Level 

This morning, XRP traded higher against the USD and many altcoins in the market rising by more than 6.2% in just a few hours of trading. The token moved as high as $0.248, a resistance it formed sometime last week. The token moved above most of the short-term resistance levels and was no longer one of the worst-performing tokens for a brief period. While the token is yet to break the key resistance at the $0.2500 level, the current price action is encouraging since it comes less than a week after millions of XRP tokens were stolen from the cryptocurrency exchange, KuCoin.

At the time of writing, the price of the XRP token was $0.2484. The token was up by 6.19% against the USD and up by 5.95% against Bitcoin BTC. The trading volume over a 24 hour period was $2,217,418,503 and the market capitalization was $11,219,753,516.

The token is up by 28.7% against the USD since the beginning of 2020. So, even if it is the worst-performing token out of the top 10, it is still doing much better than it was at the beginning of the year.

Ripple will most likely follow the price action of the rest of the market. Right now, the price of Bitcoin BTC is $10,684.37. It is up by 0.93% against the USD with a trading volume of $58,301,766,020 and a market capitalization of $197,717,844,148. While XRP has been following a unique trend, there is a strong chance that it is going to follow Bitcoin’s lead in the next bull rally. Ethereum has been one of the best performing tokens this year.

At the time of writing, the price of the ETH token was $350.87. It is up by 1.08% against the use and up by 0.36% against Bitcoin BTC. The trading volume over a 24 hour period was $12,377,926,505 and the market capitalization was $39,603,628,018.

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