Ripple Cryptocurrency Value managed to bounce back after a big fall and surged significantly. At the time of writing, Ripple was trading at $2.4, which is around ₹209 in Indian Rupees. XRP has gained more than 5% in the last 24 hours, taking its market cap to around $141.92B. The last 24-hour trading volume of XRP was around $9.71B, which is an increase of about 2%. Despite this rise, XRP has once again come to third place after BTC and ETH and has left USDT behind.
Ripple Cryptocurrency Value reason for the rise in
The rise in the price of Ripple (XRP) is mainly due to the rise in the entire cryptocurrency market. Bitcoin (BTC) once again crossed the $100K milestone and is trading at $101,783.36. This rally played a key role in driving up the prices of not only Bitcoin but also other cryptocurrencies, especially XRP.
The market has once again become green due to the rise of BTC and crypto investors are openly investing in their favorite cryptocurrencies. In such a situation, XRP, which has performed well in the last one month, remains the first choice in the portfolio of investors.
Experts believe that in the coming days also XRP But investors can place big bets, in which the XRP ETF (Alternate-Traded Treasure) will play a key role. For information, let us tell you that these days the discussions are intense in the crypto market regarding the possible approval of XRP ETF, which can be beneficial not only for XRP but also for other Altcoins.
Conclusion
The recent rise in the price of Ripple (XRP) is part of the crypto market’s general bull run, driven by the rise of Bitcoin (BTC). XRP touched $2.4, up more than 5% in the last 24 hours, and now ranks third behind BTC and ETH. Experts believe that the future of XRP is bright, especially with the possible approval of an XRP ETF. If it gets approved, it could be a positive step not only for XRP, but for the entire Altcoin market. This could prove to be a great opportunity for investors.
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