- XRP’s 5-month high mark of $0.53 price range got slipped.
- The token is proving its value in the Korean crypto exchanges.
Ripple (XRP), a prominent altcoin with the 6th position in the global crypto ranking, gained its price back in the month of March. But April’s movement seems to not follow that path. The hope of reaching the $1 mark came crumbling down as the month started.
A few extractions made from the above chart show that XRP was close to the highs obtained in October 2022. A 5-month high mark of $0.53 price range got slipped. In the last 24 hours, the price has decreased by 2%. But the weekly gain is valued at 4.2%.
Support from XRP Community
One of the crypto enthusiasts, John E. Deaton, has made a strong statement about the resilience and survival skills of the Ripple token, mentioning “even a nuclear war won’t kill it”.
Have people noticed the #XRP coverage at @CoinDesk lately? Call it the Banker’s Coin – call it a shitcoin – call it a security – call it whatever you want – but no Coin has been more resilient. Let me use lingo #BTC Maxi’s will enjoy: XRP is a🪳- even a nuclear war won’t kill it. https://t.co/wsJuRgiLHJ
— John E Deaton (@JohnEDeaton1) April 2, 2023
In the past, XRP has received intense criticism from various crypto pioneers, notably from Ethereum and Cardano founders. As the fight for XRP’s commodity claim is ongoing in the U.S. court, token supporters are optimistic about their win.
Away from all this chaos, Ripple is also proving its value in the Korean market. The trading volumes of the token have surged, outdoing even Bitcoin’s trading volume. Few market explainers expect this growth to continue with the support from Korean and Japanese traders.
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