Bitcoin

Coin

<ul class="news-points">
 <li>XRP’s price rebounded by 7% relative to Bitcoin last week.</li>
 <li>The recent surge in dormant XRP tokens may signal buying opportunities.</li>
 <li>Stochastic RSI suggests XRP is overbought, hinting at possible correction.</li>
</ul>
Ripple’s XRP has seen some notable fluctuations throughout April, ending the month with an 11.88% decline. However, a detailed analysis of recent market trends reveals a significant rebound over the last week, with XRP outpacing major cryptocurrencies like Bitcoin and Ethereum. In this period, XRP’s price surged by over 7% relative to Bitcoin, highlighting its resilience in the volatile market.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/R_-bfxAEQ0GjIE-VtaYp3JcVKtpBTWa_BuktBSwial2KXsIY1zOmI3Uj8xJeT4ykFMa43-s8uEsvmYEd5kIiJ7jwT3eHxi5tLa1rRl7A9Nh5dj2h47X9BDrIu7jVf6BHb5EsG3mlibLVBFxZQmIk7Tk" alt="">
</figure>
XRP/USD 24-Hour Chart (Source: <a href="https://coinstats.app/coins/ripple/" target="_blank" rel="noopener noreferrer nofollow">CoinStats</a>)
As of press time, the price of XRP stands at $0.5199, marking a 1.12% increase in the last 24 hours. This upward movement is mirrored in its market capitalization, which has grown by 1.26% to reach $28,768,813,452.
Despite these positive indicators, XRP’s trading volume presents a contrasting narrative. It has experienced a substantial decrease of 32.52% from the previous day, totaling $1,025,716,859. This suggests a divergence in market activity that could impact its short-term performance.
<h2 class="wp-block-heading" id="h-surge-in-dormant-xrp-tokens-signals-market-activity">Surge in Dormant XRP …</h2>
The post <a href="https://coinedition.com/ripple-price-soars-as-dormant-xrp-activity-sparks-surge-in-market/" rel="noopener noreferrer nofollow">Ripple Price Soars as Dormant XRP Activity Sparks Surge in Market</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ripple Price Soars as Dormant XRP Activity Sparks Surge in Market

Daftar Isi

Coin Edition

Artikel lain yang dipublikasikan pada 3 Mei 2024

XRP (XRP) Spearheads Unexpected Crypto Market Turnaround: A New Leader Emerges

Weekly Surge: Dogecoin (DOGE) Skyrockets 16%, Experts Predict Potential Mega Bull Run

LayerZero Tackles Airdrop Abuse with Self-Report Option

Bitcoin Faces Potential Further Decline to $50,000, Says Standard Chartered Bank

Ethereum (ETH) Price Prediction for May 3

Fantom’s Price Stability: A Closer Look

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!