XRP: up 73.24% since the start of the year, but this new project could do x10

Like the rest of the crypto market, XRP is now benefiting from a northward dynamic with a price hovering around $0.5554. XRP's recent movement represents a notable rise of 1.86% over the daily time frame and 7.44% over the past seven days.

This development follows a particularly charged legal context in recent months, with multiple attacks from American regulatory agencies. During this article, we will go into a little more detail about this difficult situation, as well as the different control points of XRP since the start of the year.

Price analysis for XRP over the recent period

First of all, it should be noted that XRP now has a market capitalization of $29.81 billion according to data from CoinMarketCap. As a result, XRP ranks fifth in the crypto ecosystem, just behind Binance Coin (BNB) and its market capitalization of $34.30 billion.

Even though investor interest remains generally favorable, XRP records a decline of more than 20% in its 24-hour trading volume. This is currently hovering at a level close to $592.66 million.

By observing the price of % which managed to pull the price of XRP from a low point of $0.3386 to $0.5554 at the time of writing.

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