It is important to note that XRP is currently benefiting from the bullish momentum of Bitcoin BTC, Ethereum ETH, and many other cryptocurrencies in the market. Bitcoin’s price at the time of writing is $11,735.41. It is up by 2.22% against the USD, with sights at $12,000.
The trading volume over a 24 hour period is $27,638,254,315 and the market capitalization is $216,640,620,281. The entire market has been bullish since the beginning of trading today. Ethereum ETH is trading at $428.48. It is up by 9.09% against the USD and up by 6.56% against Bitcoin.
Ethereum is leading the bull rally at this time. The total market capitalization of all cryptocurrencies is also on the rise at $368,117,033,976 with a 24-hour trading volume of $118,418,668,216.
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.
- Analyst Predicts that XRP Will Surge as High $0.7500 in the Coming Weeks
- XRP is Gaining Momentum After Taking a Deep Below the $0.2700 Level
Yesterday was rough for XRP as the token took a deep below the $0.2700 level despite the rise above $0.2800 level earlier in the day. Shortly after moving below the $0.2700 level, the XRP token started gaining momentum and has been on the rise since then. Despite the bullish momentum, XRP has been unable to retest the all-important resistance at $0.3000. The good news is that the token will move above this level if it manages to maintain the bullish momentum over the next few hours of trading, the token will reach this $0.3000 level.
XRP Price Prediction – XRP Gains Momentum and Analysts Predict a Surge in Price
Considering the current price of XRP, it’s hard to believe that the token will gather the momentum required to test the $0.7500 level for the first time in over a year. The selling pressure for the token has been surging so it makes sense that the price is falling.
The most important resistance for XRP to break is the resistance at the $0.3000 level. The weakness that was in the market a few days ago has faded away paving a way for the bulls to display strength.
At the time of writing, the price is XRP was $0.295663. It was up by 5.86% against the USD and up by 3.23% against Bitcoin BTC. The trading volume over a 24 hour period is $2,050,596,233 and the market capitalization was $13,280,784,579. With the bulls gaining momentum, there is a chance that a more significant bullish surge will follow.
The buying pressure needs to increase significantly if the price of the token is to make any progress. Even if the token is bullish at this time, there is a strong chance that the bears aren’t out of the game yet.