XRP Conquers Top 100 Cryptocurrencies as Most Profitable in Last 24 Hours
According to CoinMarketCap, XRP has become the top 100 most profitable crypto asset in the last 24 hours. During the period in question, the price of XRP increased by 7.5%, and at its peak, the increase reached 11%.
After two weeks of accumulation below, amid the collapse of the crypto market due to the FTX crisis, XRP An important resistance at $0.38 was crossed. XRP is up 13.61% since the start of the week.
As u.today reported yesterday, ahead of the latest rally, XRP Was “doomed” in some ways to post positive price action, managing to recoup more than one-third of November’s decline and now more than two-thirds.
Potential XRP Price Action
Then, if there is no new shock, the likelihood of which is doubtful for now, XRP price should be pulled to the $0.5 area, where it stayed until October, before it was discovered that FTX lost customers’ funds. was given Sam Bankman-Fried and its associated structures.
How XRP price will act further depends on the overall situation of the crypto market, as well as on its development and outcome. SEC case against Ripple,