In the crypto world, Ripple (XRP) has made a notable leap, rising by 32.32% in a day and becoming the third most significant token, surpassing Tether and Solana.
XRP Hits 72-Month High Records
For the first time since November 2018, XRP has climbed to the third position among cryptocurrencies by market capitalization. With a current trading price of $2.4470, this altcoin has reached a six-year high. It has breached the resistance level in the rising trend channel, indicating positive price prospects for XRP in the near future.
XRP Surpasses Tether & Solana
With a daily surge of approximately 33% and a trading volume of $28.213 billion, the XRP token has once again reached a multi-year high in valuation. Its market capitalization is now $139.701 billion, which is 4% higher than Tether and 26% higher than Solana.
Will XRP Hit New Highs?
If the current trend continues, Ripple's price might exceed the $2.5 mark and aim for the upper level of $3 in the coming hours. However, in case of a potential reversal, the downward trend could lead to retesting the lower support line at $2.
XRP's position in the crypto market continues to strengthen, showcasing impressive performance. Following the trend, further growth is possible in the upcoming months.
