• XRP broke the US$2 mark, gaining 350% in 30 days, with a…
0 reactions
• XRP broke the US$2 mark, gaining 350% in 30 days, with a market cap of US$130B. Speculative activity in derivatives is at an all-time high, too.
• The surge can be attributed to several factors: Gary Gensler stepping down as SEC chair, Ripple’s legal progress, and developments in the XRP Ledger ecosystem.
• It’s not all sunshine and rainbows: analysts warn of potential long liquidations due to high leverage, reminiscent of a 17% drop following similar activity in November.
After seven long —very long— years XRP has finally broken above the US$2 barrier (AU$3.60). Hell, no one thought it would even go past US$0.70 (AU$1.08).
But it did, and the XRP community is having a blast. XRP is now one of the top performers in the crypto market, outranking coins like BNB, Tether (USDT) and Solana (SOL), something you thought you would never hear again.
Related: Marathon Digital Doubles Down on ‘Full-Hodl Strategy’, Boosts BTC Holdings and Unveils Dip Reserve
In the last 30 days, XRP has surged by over 350%, and 61% in the weekly chart. Even today, the coin is up 25%, coming in just under US$2.50 (AU$3.84) at US$2.4909 (AU$3.83). Its market cap is currently standing at US$136B (AU$209B), ranking it third behind Bitcoin and Ethereum .
• The surge can be attributed to several factors: Gary Gensler stepping down as SEC chair, Ripple’s legal progress, and developments in the XRP Ledger ecosystem.
• It’s not all sunshine and rainbows: analysts warn of potential long liquidations due to high leverage, reminiscent of a 17% drop following similar activity in November.
After seven long —very long— years XRP has finally broken above the US$2 barrier (AU$3.60). Hell, no one thought it would even go past US$0.70 (AU$1.08).
But it did, and the XRP community is having a blast. XRP is now one of the top performers in the crypto market, outranking coins like BNB, Tether (USDT) and Solana (SOL), something you thought you would never hear again.
Related: Marathon Digital Doubles Down on ‘Full-Hodl Strategy’, Boosts BTC Holdings and Unveils Dip Reserve
In the last 30 days, XRP has surged by over 350%, and 61% in the weekly chart. Even today, the coin is up 25%, coming in just under US$2.50 (AU$3.84) at US$2.4909 (AU$3.83). Its market cap is currently standing at US$136B (AU$209B), ranking it third behind Bitcoin and Ethereum .
| 16,000 mlx | |
| 18 | |
| 0 |