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Ripple (XRP) Price Analysis (Dec 02nd 2024)!
The post Ripple (XRP) Price Analysis (Dec 02nd 2024)! appeared on BitcoinEthereumNews.com. Story Highlights The XRP price has soared 32.32% in 24 hours with a trading volume of $28.15 billion. Ripple token surpasses Tether and Solana to become the 03rd most valued crypto token. Technical indicators record sustained bullish action, hinting at a higher price target this year. With a monthly surge of 378.98%, Ripple Labs native token “XRP” is trading at a discount of only 36.08% from its ATH of $3.84, which was recorded on 04th January 2018. Moreover, with the average profit/loss of XRP holders crossing +225%, the XRP token has outperformed all major tokens. Amid such volatility in the altcoin market, let’s find out the possible short-term possibilities of the Ripple (XRP) crypto token. XRP Price Records 72-month High! For the first time since November 2018, the XRP price has reclaimed the 03rd position in the global cryptocurrency business by market cap. Notably, with a trading price of $2.4470, this altcoin is trading at a 6-year high. TradingView: XRP/USDT Moreover, with the recent price pump, the Ripple price has breached its resistance trendline of the rising channel pattern in the 1D time frame. This shows a positive price outlook for the XRP altcoin this week. The technical indicators SMA and RSI have each recorded a strong bullish price action in the daily time frame. This suggests a massive rise in the buying-over-selling pressure for this altcoin in the cryptocurrency market. Ripple Surpasses Tether & Solana To Become 03rd Largest Cryptocurrency! With a 24-hour surge of ~33% and a trading volume of $28.213 billion, a change of 104.27%, the Ripple (XRP) crypto token has reclaimed a multi-year high in its valuation. Notably, it has outperformed both Tether and Solana in terms of market capitalization. Source: CoinPedia With a market cap of $139.701 billion, the XRP crypto is now valued ~04%…
The post Ripple (XRP) Price Analysis (Dec 02nd 2024)! appeared on BitcoinEthereumNews.com.
Story Highlights The XRP price has soared 32.32% in 24 hours with a trading volume of $28.15 billion. Ripple token surpasses Tether and Solana to become the 03rd most valued crypto token. Technical indicators record sustained bullish action, hinting at a higher price target this year. With a monthly surge of 378.98%, Ripple Labs native token “XRP” is trading at a discount of only 36.08% from its ATH of $3.84, which was recorded on 04th January 2018. Moreover, with the average profit/loss of XRP holders crossing +225%, the XRP token has outperformed all major tokens. Amid such volatility in the altcoin market, let’s find out the possible short-term possibilities of the Ripple (XRP) crypto token. XRP Price Records 72-month High! For the first time since November 2018, the XRP price has reclaimed the 03rd position in the global cryptocurrency business by market cap. Notably, with a trading price of $2.4470, this altcoin is trading at a 6-year high. TradingView: XRP/USDT Moreover, with the recent price pump, the Ripple price has breached its resistance trendline of the rising channel pattern in the 1D time frame. This shows a positive price outlook for the XRP altcoin this week. The technical indicators SMA and RSI have each recorded a strong bullish price action in the daily time frame. This suggests a massive rise in the buying-over-selling pressure for this altcoin in the cryptocurrency market. Ripple Surpasses Tether & Solana To Become 03rd Largest Cryptocurrency! With a 24-hour surge of ~33% and a trading volume of $28.213 billion, a change of 104.27%, the Ripple (XRP) crypto token has reclaimed a multi-year high in its valuation. Notably, it has outperformed both Tether and Solana in terms of market capitalization. Source: CoinPedia With a market cap of $139.701 billion, the XRP crypto is now valued ~04%…
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