XRP, the native crypto coin of US-based blockchain payment company Ripple, recently suffered a price drop that caused the coin to lose its $ 1 key support and trade down by $ 0.84 in value, where it is traded in the Moment. However, the currently seventh digital currency is expected to enter the third phase of its uptrend as the coin has set a long-term target of $ 10.
XRP statistical data
The market cap of XRP is around $ 39,907,760,012.
9,918,740,236 USD is the trading volume of XRP.
The circulating supply of the coin rotates around 46.14 B XRP.
XRP price value
At press time, the price of XRP is around $ 0.8638, up from a rate of + 7.42% over the past 24 hours.
XRP price analysis
The first quarter was comparatively good for the transfer coin from Ripple. However, the first month of the second quarter of the current year has so far worsened the situation for XRP. During the past 24 hours, the price value of XRP has deteriorated sharply as the digital currency fell to $ 0.68 yesterday.
However, after this crash, Ripple’s native digital currency has rallied as the price value of XRP has fallen above the $ 0.80 level and is now heading for the $ 1 mark again. It’s currently up more than four percent, which means it’s trying to get the upward momentum you want in order to start an uptrend. Right now it is facing the USD 0.9 resistance which must be broken if the coin is to break above USD 1.
Third Phase Of Uptrend Expected For XRP: Can Price Reach $ 10?
There are some cryptocurrency analysts who believe that the seventh digital currency is likely to enter its third phase of the uptrend in which it can reach a massive milestone.
According to a cryptocurrency analyst named CryptoBull2020, the cryptocurrency is expected to enter the $ 10 area in his third bull run.
#XRP got off:
$ 0.11-0.78 (~ 700%)
$ 0.17 to $ 1.96 (~ 1,000%)
The next step will be from $ 0.82 to $ 10.
– CryptoBull2020 (@ CryptoBull2020) May 22, 2021