• XRP has gained immense price rise while the crypto market is recovering, with a 6.2% rise in the past 24 hours.
• Ripple’s XRP has gained huge demand and has climbed to the third position by trading volume on Binance.
• Popular analyst claims XRP to hit $80, amidst Jim Cramer’s comments of XRP hitting zero.
The past few weeks have been a rollercoaster ride for Ripple and its native cryptocurrency XRP, with the Ripple vs SEC case. This has resulted in increased market movements, with whales across the currency. This is portrayed by Santiment, an analytic platform, which claims that XRP has gained immense price rise while the crypto market is recovering. According to a Tweet released on Jan 11, XRP price has gained 6.2%, and this is due to a major pump in address activity over the past week.
On the other hand, XRP has also gained huge demand and has climbed to the third position by trading volume on Binance. This is due to the increasing popularity of XRP, especially with the on-going SEC case. Popular analyst, Michaël van de Poppe, has also claimed that XRP is expected to hit $80, amidst Jim Cramer’s comments of XRP hitting zero.
The SEC case has been the major factor that has impacted XRP’s price and demand, and the verdict is expected to be out soon. This has caused a lot of speculation in the cryptocurrency market, with XRP being one of the major beneficiaries. While the SEC case is still on-going, it is expected to have a major impact on the price of XRP and the market as a whole.
In the meanwhile, XRP has managed to increase its trading volume, and has managed to stay in the third position by trading volume on Binance. This has been due to the increased investor interest in the cryptocurrency. While some investors are still wary of investing in XRP, due to the ongoing SEC case, others have been bullish on the coin, as they expect it to hit $80 in the near future.
Overall, XRP has managed to gain immense popularity, despite the on-going SEC case. This has been due to the increasing demand for the cryptocurrency, as well as the increasing investor interest in the coin. While the verdict of the case is still awaited, it is expected to have a major impact on the price of XRP and the market as a whole. Meanwhile, investors are still optimistic about the future of XRP, and expect it to hit $80 in the near future.