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XRP Surges by 13% in 24 Hours, Outperforming Bitcoin and Other Top Altcoins 

Ronald Henderson/September 17, 2022News

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Ripple XRP

XRP has been on the rise for the last 24 hours, outperforming Bitcoin and other cryptocurrencies. This rise comes after the token fell along with the rest of the cryptocurrency market. Bitcoin and other altcoins are still on the rise, XRP is the top gainer and it managed to maintain the momentum even when other cryptocurrencies corrected downward against the.

XRP Price Analysis

At the time of writing, the price of XRP was $0.3779. The token was up 14% in the last 24 hours. It is trading in the $0.3308 to $0.3779 range. The current price is higher than the 30-day high of $0.3781. XRP has not had such a major 24-hour gain since February 25, 2022. It shows that investors are bullish on the 7th largest cryptocurrency per market capitalization.

In the last seven days, the XRP token has either been trading in red or maintaining its price in a relatively steady range. It only increased by 1.89 percent within 7 days. This is why the 14% rise over the last 24 hours is impressive.

XRP Outperforms Bitcoin BTC

While the XRP token was trading up by 14% against the USD, BTC was only up by 2.5%, trading at $20,060.07 at the time of writing. If the foremost cryptocurrency per market capitalization can maintain this upward momentum, there is a strong chance that it would retest the $25,000 for the first time in several weeks.

Ethereum, on the other hand, is trading at $1,460.01. It is up by 2.49% against the USD trading in a $1,415.04 to $1,464.71 trading range. The ETH price has failed to retest the $1,500 levels despite the migration to proof-of-stake and all the hype that followed.

The entire cryptocurrency industry is currently bullish this weekend but it is not clear how long the bull rally will last. If the upward momentum continues, investors should expect a price correction at the beginning of next week.

Tags:Bitcoin/ Cryptocurrency/ Ethereum/ News/ XRP/ XRP Price/ XRP Price Analysis

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Henderson

Ronald Henderson

Ronald has worked in the computer industry for 5 years when he decided to stand on his own and start his own firm, and he's never looked back. A real hard-worker and go-getter, he is a powerful leader and has made quite a name for himself in the industry. Born and raised in Pennsylvania, he still resides there with his wife and two kids, Mark and Gene. He believes that simplicity is the key to everything in life, including writing, and loves to make his content engaging and easy to understand for all audiences - even those who aren’t necessarily from a technical background.

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