XRP's bullish trend is attracting traders and investors with potential for growth.
TokenCTF's new listing on MEXC may further push XRP's upward momentum.
The growing DeFi activity on XRP Ledger is an important factor in the coin's rising popularity.
XRP, one of the leading cryptocurrencies, has shown a slight higher trajectory in the past 24 hours, with its rates currently positioned at $0.5851. This reflects a 2.17% increase, accelerating its market capitalisation to approximately $32.99 billion, placing it in the top tier of coins.
Trading volume has seen a notable boost, increasing by 19.92% to $1.15 billion within the last day. The volume-to-market cap ratio now stands at 3.52%, indicating active trading and investor interest. It's circulating supply is 56.38 billion coins, representing 56.39% of its total quantity of 99.89 B XRP.
Over the previous day, the token has experienced fluctuations in its price, starting at $0.5717 and reaching a peak close to $0.585.
Source : Coinmarketcap
The chart shows a period of volatility in the afternoon after being followed by a strong upward trend, which stabilised as the price hovered around $0.585.
The coin is available across various trading platforms, including centralised exchanges and decentralised exchanges , with options for spot and perpetual trading.It is also supported by BNB Smart Chain, which is currently expanding its utility and accessibility within the blockchain space.
XRP Set for a Bullish Surge: Could It Reach $9.98 Amid DeFi Boom?
XRP is once again in the spotlight as market analysts and traders point to a protective triangle forming in its price graphs, suggesting a future hike to $9.98. The excitement surrounding its chances has been further fuelled by the increasing activity on the XRP Ledger, which is gearing up to process a staggering $1 trillion in DeFi transfers.
https://twitter.com/RippleXrpie/status/1835755265964249259
The buzz around the coin is not just based on technical analysis. The inclusion of TokenCTF, the only DeFi currency ranked in the top 10 on the XRP Ledger, has added to the optimism. Experts predict that if TokenCTF’s market capitalisation hits $20 billion, its value could skyrocket from $0.86 to an impressive $497.71. This anticipated development could have a major impact on XRP's general trading trajectory, making it a digital asset to watch closely in the coming weeks.
Adding to the excitement, TokenCTF has recently been listed on MEXC, a major exchange known for handling over $1 billion in daily trading volume. This listing is expected to further increase TokenCTF’s visibility and trading activity, perhaps driving up its price and contributing to XRP's bullish outlook.
The post XRP Eyes Bullish Growth as DeFi Surge and Token Listings Fuel Optimism appeared first on Crypto News Land.
