XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	63,917,365,110	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

63,917,365,110

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.020	1.80%	1.13	1.13	1.13

Price Change

Price Change %

Current Price

Bid Price

Offer

0.020

1.80%

1.13

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.16	1.08	1.10	1.11	0.382490 - 1.30

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.16

1.08

1.10

1.11

0.382490 - 1.30

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:06:40	1,046.25	1.13	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:06:40

1,046.25

1.13

USD

Price x Volume	Volume	Base Symbol	Related Pairs
169,712,532.25	152,070,197.14	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

169,712,532.25

152,070,197.14

XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High

19/11/2024 12:30pm

NEWSBTC

XRP peaked to $1.26, marking a new two-year-high for the coin. The uplift in the value of XRP has happened at a time when the rest of the cryptocurrency market anticipates some regulatory overhauls in the US, and more so after the results of the US elections. With over 90% gains within seven days, XRP’s price rally has brought back the excitement of investors towards the Ripple token. Related Reading: Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says Last Friday, the cryptocurrency closed at $1.05, a whopping 116% monthly increase. For comparison, XRP was barely moving at $0.50 a week ago. Although the altcoin appears to be making a rebound, Bitcoin’s recent spike above $93,000 probably contributed to an improvement in market mood overall. Google Trends Data Indicates Increasing Interest As XRP’s price has increased, so too has search interest. On Monday, Google Trends displays a peak popularity score of 100, a huge increase from just eight days earlier when it was only 8. This jump indicates a significant increase in public interest, which was probably spurred by XRP’s remarkable price movement and its return to the top market capitalization rankings. Remarkably, XRP has regained its position above Dogecoin with a market valuation of almost $65 billion. Cryptoes and other market observers have noted the historical significance of XRP’s most recent weekly closure. Nonetheless, some traders are wary, pointing out that the token may be overbought given the relative strength index (RSI) peaking above 93. #XRP Highest weekly close in 2 years | How high will it go? 🚀🌕 pic.twitter.com/BcoOWyt2Q1 — Cryptoes (@cryptoes_ta) November 18, 2024 Overcoming Resistance And Forecasts More than just pushing through the psychological barrier, the price rise of XRP also broke through long-standing resistance levels that had placed the price of this cryptocurrency below $1 for so long. Analysts say this might open a door for further long-term growth. If market sentiment and trading volume remain strong, the best forecasts hold it would experience another upswing. The price is expected to rise 14.35% during the following month, according to analysts’ optimistic short-term projections. Even more optimistic is the one-year projection, which predicts a 99% increase. Even while these numbers show strong growth potential, the cryptocurrency must hold onto crucial support levels to prevent steep declines. What’s Next For XRP? After a sharp increase, XRP is currently trading at $1.14. Thanks to rekindled enthusiasm and macroeconomic conditions that favor digital assets, its ecosystem seems stronger than ever. However, traders should continue to exercise caution. Given that XRP’s RSI is at its highest level since 2017, a consolidation phase may be imminent before another breakthrough takes place. Related Reading: The Year Of Solana: 2024 Sees Global Crypto Love Surge Nearly 40% Long-term outlooks appear promising, but the way forward will probably rely on market developments and Ripple’s capacity to build on its recent gains. Because cryptocurrency may change momentum quickly, investors are keeping a careful eye on things. Featured image from MoneyCheck, chart from TradingView

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	Real-time Prices	Level 2
London Stock Exchange
Chi-X Europe
BATS Europe
Aquis Exchange
New York Stock Exchange
NASDAQ
American Stock Exchange
Dow Jones Indices
Precious Metal

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