The XRP price added 3% overnight to reach $0.64 as the wider crypto market caught fire, with the leading XRP exchange Bitstamp recording an influx of $14 million worth of tokens from a large holder. The fresh influx comes as XRP trading volumes build significant momentum, topping $1.3 billion in 24 hours.
Keypoints
- XRP price rose 3% to $0.64 amid a broader crypto market rally
- Trading volume for XRP spiked to $1.3 billion, up significantly recently
- Technical indicators show bullish momentum building, with price potentially heading towards $1
- Legal victories for Ripple against SEC and bullish macro outlook could ignite a major XRP rally
- One analyst sees up to 120% XRP gains in 6 months if price corrects first to $0.51 or $0.43
Surging interest reflects improving technicals and fundamentals backing the embattled asset. XRP has climbed nearly 90% off yearly lows against a backdrop of accumulating legal wins for promoter…
