26.09.2022
Chicago 12, Melborne City, USA
Scalping

Ripple (XRP) gained 20% in a single week

Because the cryptocurrency market is not subject to a complete regulation in the whole world, every day they verify various scams and problems. Consequently, it is not uncommon to see some cryptocurrency projects targeted by regulatory authorities for one reason or another.

The case of Ripple is quite particular in the current context. In fact, even if the other cryptocurrency continues to lose value, Ripple (XRP) has gained 20% of its value. A figure reached in a single week with over 3 billion dollars of additional market cap, despite the accusation of fraud on the part of the SEC.

Un mercato still in preda alla crisis

In seguito alla crisis experienced by the world of cryptocurrencies in the month of May, the market started a downward trend that caused huge losses to investors. Despite attempts to recover, the cryptocurrency market has registered more cali che recoveries.

Se è vero che molti analisti credevano che The Merge, l’aggiornamento di Ethereum, aberbe dato una volta al mercato, il tempo non ha ancora dato loro ragione. In fact, immediately after the network update, the value of ETH and many other crypto currencies collapsed (compreso il Bitcoin, which dropped again under the quote di 20.000 dollars).

However, alcune cryptovalute stanno riuscendo a resistere agli effetti della crisi. XRP is one of the most important coins in this category. So, in the last few days, the cryptocurrency has not only maintained its position, but it has also risen above the resistance zone of 0.40 dollars.

It is a performance in net contrast with Bitcoin (BTC) and the majority of altcoins, which are now facing significant obstacles.

Il movimento rialzista del token XRP

Once the area of ​​0.40 dollars is exceeded, the price of the XRP token seems to consolidate and maintain itself above this resistance, which becomes a new support. In addition, the analysts believe that the crypto currency could rise further towards the level of 0.425 dollars.

Currently, XRP is in the top 100 most important tokens of the cryptocurrency market in terms of earnings. It registered an increase of 6.02% in the last 24 hours and 19.42% in the last 7 days. It is currently trading at 0.3953 dollars according to CoinMarketCap data.

Observing the movement of the price of XRP, we can note that the value of the cryptocurrency has rebounded compared to the last price. It is in a rising trend and is trying to overcome the resistance around the area of ​​0.4215 dollars. Per gli experts, once this bar is exceeded, XRP could potentially point to 0.48 dollars in the near future.

Thanks to the 19.6% increase in its value in the last week, the Ripple cryptocurrency has acquired a market capitalization of over 3.3 billion dollars. In this way, it was possible to pass from 16.7 billion dollars on 14 September to 20.03 billion dollars on 21 September.

According to the members of the cryptocurrency community CoinMarketCap, it is very likely that the XRP token will trade at an average value of 0.49 dollars by the end of September 2022. A forecast that seems to strongly favor the token despite the ongoing legal controversy surrounding it. Società Ripple Labs.

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