XRP’s 16.23% rise signals strong bullish sentiment and growing market confidence.
Surge in trading volume suggests heightened investor interest, fueling uptrend.
Overbought conditions and key resistance levels hint at potential short-term pullback.
XRP has surged in price, outperforming even Bitcoin over the past three years, according to analyst Bill Morgan. This upward trend accelerated sharply, with XRP gaining 16.23% in the last 24 hours alone. Trading at $1.71, XRP’s market cap has exceeded $100 billion, signaling renewed investor confidence and strong market activity.
XRP up over Bitcoin on 3 year timeframe pic.twitter.com/KZVzM99h8t
— bill morgan (@Belisarius2020) November 29, 2024
Volume Surge Fuels XRP’s Rise
The strong bullish momentum attached to XRP became evident when its price leaped from $1.47 to $1.71. This surge coincided with a dramatic 127.03% spike in 24-hour trading volume, likely fueled by major market events or significant news.
This $11 billion volume spike contrasts with Ripple’s routine monthly sales of $200 million, which now seem minimal compared to this activity.
XRP’s strong daily performance reflects growing m…
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