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Wavy wave turning into Tsunami, XRP Eyeing the 2nd Spot with 70% Surge

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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.

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1 Day XRP Price Chart, Source: TradingView

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.

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5 Day XRP Price Chart, Source: TradingView

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?

Summary

  Wavy wave turning into Tsunami, XRP observing the second spot with 70% overvoltage

Article name

Wavy wave turning into Tsunami, XRP observing the second spot with overvoltage 70%

Description [19659025] Over the past four days, XRP has increased by 75% and its trading volume by 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.

Author

SAGAR SAXENA

Publisher name

COINGAPE

Logo publisher

  Bitplay

The content presented may include the personal opinion of the author and is subject to the market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.


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