In the last four days, XRP has increased by 75% and its trading volume of about $ 1.5 billion. Approaching closer to the market capitalization of Ethereum, XRP has a long way to go to reach its ATH. However, not everyone is optimistic because even the XRP shorts have seen a surge.
XRP increases by 75% in 4 days while trading volume increases by $ 1.5 billion
The third largest cryptocurrency in the world has not just one big day but one big week in which it continues to earn new heights. In the last 4 days, today was the most profitable for XRP investors. At the time of writing, XRP was trading at $ 0.4735 with 24-hour earnings above 45 percent.
As shown in the chart below, today's trading range was between $ 0.44260 and $ 0.48000.
It seems that this time instead of Bitcoin, XRP is leading the bulls. The entire cryptography market is enjoying gains, but XRP is mobilizing on another level.
If we take a look at the last 5 days, XRP was the lowest at $ 0.2730 on September 18th and now the highest today at $ 0.4800, XRP has made a 75% jump in four days.
Along with the XRP price, daily trading volume also requires an increase to $ 1.77 billion compared to $ 206 million on September 16, according to the Coinmarketcap data. The jump of $ 1.5 billion in the volume of trade is a considerable number.
Also, read: Ripple & # 39; s Master Stroke: XRP Success & Ripple Net offering a unique advantage in the $ 600B remittance market
What & # 39; s ahead for XRP?
With a market capitalization of $ 18.7 billion, XRP is not far from Ethereum (ETH) to $ 22 billion. Although Ethereum is on the rise, if XRP continues its upward momentum at such a pace, it is a possibility, XRP could take second place in Ethereum.
Also recently crypto trader, Bitcoin Macro said "ETH to $ 100 or less" this year while the launch of xRapid, financial giants joining RippleNet and other positive news, keeps the company running 39; XRP.
In the meantime, not everyone is assuming a surge in the near future for XRP since bearish investors have opened the biggest short position ever. Reportedly, more than 39 million XRPs have been sold.
However, XRP still has a long way to go, falling by 88% from its all-time high (ATH) in January this year to $ 3.84.
Do you think that XRP is leading the truth this time and will soon save? Or is it just a temporary wave?
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