Home Press Release XRP rises 10% against Bitcoin as USD value rises to five-month high

XRP rises 10% against Bitcoin as USD value rises to five-month high

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CoinDesk Consensus

Ripple’s XRP is up almost 10% against Bitcoin (BTC) despite the broader market selloff over the past 24 hours. crypto slate data.

Binance XRP/BTC spot pair gain It increased from 0.00000129 to 0.00001859 during the reporting period. However, at the time of writing it’s back at 0.00001843.

XRP/Bitcoin
Source: Trading View

According to TradingView dataXRP/BTC has surged over 36% over the past week.

Interestingly, the XRP token also gained 5% against Ethereum (ETH) to 0.000284. of crypto slate data.

XRP USD Value Hits 5-Month High

The top 10 best performing digital assets in the last 24 hours when the value of XRP is denominated in USD.

according to of crypto slate According to the data, the token rose 4.71% to a five-month high of $.0.49955 at the time of writing. A look at price performance over the past week shows that XRP gained 27% and 30% last month.

Meanwhile, XRP’s social dominance also hit a new high during this period. Blockchain analytics company Santiment report The asset’s social advantage is at its highest point in a year after surging to $0.49.

Social control of XRP
Source: Santimento

data Corroborates the above from Luna Crash. According to data aggregators, XRP’s social engagement surged 40% and its social dominance rose from 5.8% to 1.51%.

The increased attention has led to a more than 100% increase in trading volume over the last 24 hours. $3.13 billion is higher than BNB, Cardano (ADA) and Dogecoin (DOGE) combined. of crypto slate data.

Meanwhile, the US Commodity Futures Trading Commission’s (CFTC) commodity classification of Bitcoin, Ethereum and Litecoin (LTC) has renewed hopes that Ripple can win a case against the Securities and Exchange Commission (SEC).

US SEC claims XRP is a security

Posted In: Ripple, Analysis

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