XRP Price is on the list of Crypto tokens that formed the second new Ass this year. At the time of writing, its market capitalization is $3.44, $220 billion, with AltCoin aiming to rise towards its next goal.
New XRP investors are pushing for gatherings
XRP has witnessed significant network growth, reaching six months of heights. This growth is measured by the number of new addresses participating in the network and carrying out transactions.
The increased network growth indicates that Altcoin is gaining traction in the market.
The recent surge in new addresses shows that more investors are putting their money into XRP.
As more people enter the market, the network will become stronger, demand for XRP will increase, and further contribute to the price increase for Altcoins.
XRP prices continue to rise
The XRP is currently trading at $3.44, marking the new all-time high (ATH) more than six months later. Surges can be attributed to several factors, including broader market bullishness and increased institutional interest in XRP.
In addition to institutional support, XRP has gained a great deal of support from retail investors. This has led XRP to surpass Tether (USDT) and become the third largest cryptocurrency in the world ($20.2 billion).
The next important goal for XRP is to break the $3.80 mark. If XRP can secure this level as support, it will likely rise further towards the $4.00 range and continue its upward momentum.
However, if an investor decides to cash out following Altcoin’s ATH, the price could face a revision. Especially after such long waits, the possibility of commercial purposes is high.
If this occurs, the XRP will drop to around $3.00 and you can test the support level. A drop below $3.00 will disable bullish papers and indicate the possibility of reversal or integration.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
