TRX price hits all-time high: up over 78% in one day
Another Justin Soon comparison with #XRP showed #TRX soaring over 78%. TRX's market value has risen to 35.53 billion with volume up more than 548%.
Technical indicators point to further upside potential, but the RSI is overbought.
At the time of writing, the price of TRON (TRX) has jumped to a high of $0.4097, up more than 78% in a single day. This increase in market capitalization indicates that investors are showing significant interest in TRX as prices are on an uptrend.
Furthermore, TRX's trading volume in the last 24 hours has increased to $7.51 billion, which is 324.34% of the trading volume in the last 24 hours.
Justin Sun's comparison of TRX and XRP has caught the attention of the crypto community. In a post on X website, Mr. Sun called TRX "the next XRP" and suggested that TRX could grow just like XRP.
XRP has risen significantly recently thanks to favorable legal developments, including Ripple's lawsuit against the SEC and speculation about the creation of an XRP #ETF .
If TRX is the "next XRP, as Sun suggests, the #token could continue to rise, and many expect a new price increase. However, Justin Sun wrote in another post that "TRX=XRP, and user X didn't understand what that meant.
The growing hype surrounding TRX's potential has led to increased speculation about its future: recent performance, including XRP's meteoric rise, has become a benchmark for what TRX's future might look like.
As a result, many investors are keeping a close eye on whether TRX can replicate the impressive growth of XRP.
The recent price movement of TRX shows that it is on an uptrend and currently stands at $0.3242. The sharp rise over the past few days once again confirms the strong bullish trend in the market.
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