- XRP price has factored in a significant surge of 12.18% in the last 24 hours.
- The altcoin’s daily trading volume has shown a 38.87% increase as per CMC data.
The cryptocurrency market has been attempting to recover over the past 24 hours. The recent price slump has caused a feeling of unease among investors. However, other market sectors have remained quite lively despite the price slump. This has lifted spirits among members amid certain altcoins staging bull runs.
Notably, Ripple’s XRP has shown a significant surge in the last 24 hours. The altcoin shows a 12.18% high and has reached the $2.75 mark. In the Asian evening hours of February 13, XRP was trading at a low of $2.43 after which bullish candles sparked.
In the past week, the cryptocurrency had experienced many fluctuations owing to the Monday market crash. However, the past day’s actions have caused it to factor in a 14.39% increase in the last 7 days. At the time of writing, XRP was trading at $2.7535 as per CMC data.
Meanwhile, the US crypto regulatory landscape has begun to shift majorly. With the coming in of new administrations both in government and within the SEC, limitations are being flung far away. Owing to this fact, particularly Ripple’s battle with the SEC has further aided XRP in its bullish rally.
Will XRP Reclaim its $3 Milestone Soon?
XRP has staged several bullish trends over the past months. The cryptocurrency inched very close to its current all-time high with a trading price of $3.38 during January. Moreover, analyzing its technical indicators, suggests that although inching closer to the all-time high might be slow, it does hold the potential to reclaim the $3 milestone.
Notably, its bull power indicator value stands at 4.64. Meanwhile, its bear power indicator value stands at -2.98 as per TradingView data. This shows the bulls overpowering the bears. This can be seen reflected in investors’ sentiment as indicated by XRP’s RSI value of 55.52.
Meanwhile, other leading cryptocurrencies such as Ethereum and Solana have shown modest price increases in the last 24 hours. Bitcoin remains struggling at its $96K resistance level.
Highlighted Crypto News Today:
