During the last few months all the spotlight has gone to Bitcoin and its bullish price rally, however, it seems like now it`s time for alternative coins and especially Ripple to follow Bitcoin`s upward trajectory as well.
Since July of 2020 XRP price has been pretty stable, trading in the range of 20 to 25 cents, reaching the 30 cents mark just for once. However, during just last week Ripple has gone up in price by more than a staggering 70%, reaching the maximum price of almost $0.48 on the 22nd of November.
In the last 24 hours, there have been more than 1 million transactions associated with XRP. Daily trading volume reached $850 million, and market capitalization is reaching $20 billion, meaning investors are highly interested in XRP and this kind of liquidity might give an even bigger boost to Ripple.
XRP has strong technical backing, and we have been long convinced it should be part of every smart crypto investor’s portfolio. Ripple is part of our top 5 cryptocurrency list.