The cryptocurrency market keeps trading in the green zone even on the last day of the week. XRP is the main leader, going up by 50% over the past 24 hours.
Top 10 coins by CoinMarketCap
Meanwhile, the cryptocurrency market capitalization index keeps locating above the $1 trillion mark.
Cryptocurrency market capitalization
The relevant data for XRP today
-
Name: XRP.
-
Ticker: XRP.
-
Market Cap: $22,527,248,519.
-
Price: $0.4962.
-
Volume (24h): $33,494,431,471.
-
Change (24h): 53.16%.
The data is relevant at press time.
XRP/USD: Can the vital $0.50 mark be achieved next week?
XRP has been the fastest growing coin from the top 10 list over the last week. The price growth has accounted for 80% since the previous Sunday.
XRP/USD chart by TradingView
On the hourly chart, XRP is slightly approaching the nearest resistance at $0.51. Such a move is possible as bears are losing their initiative based on declining selling volume.
XRP/USD chart by TradingView
On the 4H time frame, the situation is also bullish as buyers are aiming at $0.55.
However, there are low chances of breaking it from the first attempt as liquidity is low at current levels; this means that a false breakout is more likely to occur.
XRP/USD chart by TradingView
In the long-term view, buyers may get the rate of XRP to $0.65 if today's candle closes around $0.55. The high trading volume is another reason for continued growth.
XRP is trading at $0.4959 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high
Bitcoin and Ethereum are approaching their key support levels, and a sustained close below these marks could lead to further declines.
TON set to launch synthetic Bitcoin to boost its DeFi solutions
TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%.
Maker Price Forecast: MKR could stage 40% rally
MakerDAO is up 2% on Thursday and could be set for a 40% rise in the coming weeks if it successfully maintains an extended move above the descending trendline of a falling wedge. On-chain data also supports the bullish outlook after a four-month-long decline.
USDT market cap crosses $120 billion as stablecoins continue their uptrend
The stablecoin market cap continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.