- The XRP market cap is currently $37 million.
- In the last 48 hours, it has increased by over 5%.
XRP has been quietly experiencing an upward trend in its value recently, resulting in a recent improvement in its ranking.
XRP Showing Positive Trends
Analysis of the daily XRP price trend has revealed a consistent uptrend since the beginning of the month. These upward movements have been subtle, with a minor decrease. However, over the past 2 days, the upward trajectory has become more noticeable.
It closed on 8th December with a 4.54% price increase, reaching around $0.67. As of now, there has been an additional increase of over 3%, with the price now around $0.69.
Source: TradingView
The chart indicates a bullish pattern in the current price trajectory, although it has not yet reached the levels observed during the SEC ruling. The Relative Strength Index (RSI) was slightly above 70, indicating a strong bull run. It suggests the potential for a further increase before a possible slump. In addition, the Moving Average Convergence Divergence (MACD) showed a trend above zero, although its lines have not shown a significant upward trend at this point.
XRP Surpasses BNB in Market Cap Ranking
Data from CoinMarketCap revealed that the increase in XRP’s price has indeed affected its market capitalization, aligning with expectations.
Over the last 24 hours, there has been an almost 6% increase in market capitalization, propelling XRP to the position of the fourth-largest asset, with a current market cap exceeding $36 million.
In addition, the data showed a significant rise in trading volume over the last 24 hours. At the time of this update, the volume has risen by over 50%, reaching a figure exceeding $2.4 billion.
The question remains whether XRP can maintain its position above BNB by the end of the day.
How much are 1, 10, 100 XRPs worth today
Financing Rate Hits a Six-Month High
If there were uncertainties concerning the future price trend of XRP, traders seem confident about a sustained increase. This belief is reflected in the current positive financing rate observed on Coinglass.
An analysis of the financing rate chart revealed the most positive rate in over 6 months. At the time of this report, the financing rate had increased to around 0.05%. This indicated that traders were embracing long positions in anticipation of a price increase beyond its current level. » …
