XRP price rose to a six-month peak of $0.75 on Wednesday, up 50% in the last 10 days.
XRP’s latest price surge coincided with its official listing on Robinhood, one of the largest retail trading platforms. In the past 48 hours, traders moved 45 million XRP coins from exchanges into long-term storage, signaling expectations of future gains. On November 13, Ripple price crossed the $0.75 mark for the first time in 2024. On-chain data trends suggest the majority of current XRP holders are anticipating more gains.
Traders move 45 million XRP into long-term savings in 48 hours Looking beyond the price action, on-chain movements observed in the last 48 hours suggest the Robinhood listing has triggered increased confidence in XRP’s long-term price prospect. Confirming this narrative, CryptoQuant’s exchange reserves metric tracks the supply of XRP coins deposited on major trading platforms. XRP Exchange reserves | XRPUSD The chart above shows the Exchange reserves stood at 3.
Bitcoin Cryptocurrencies US Elections
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP gains nearly 2%, Ripple CTO says: Nothing on XRPLedger can move without XRPRipple (XRP) is back above $0.5300, early on Tuesday. The native token of the XRPLedger extended its gains after statements by the firm’s Chief Technology Officer (CTO) David Schwart, in a series of tweets on X.
Read more »
Ripple CEO on Elon Musk's XRP Mention: “XRP Not Niche Issue”Brad Garlinghouse commented on the recent XRP mention made by Elon Musk
Read more »
Why Did Ripple’s (XRP) Price Explode to 8-Month Peak Above $0.7?Crypto Blog
Read more »
Ripple Price Analysis: XRP Unable to Overcome $0.55, is a Crash Imminent?Crypto Blog
Read more »
Could This Surging XRP Ledger (XRPL) Metric Lead to Ripple Price Rally?Crypto Blog
Read more »
Ripple (XRP) Price Prediction for This WeekCrypto Blog
Read more »