Price Analysis
XRP Weekly Price Analysis: XRP Sees 20% Metric Surge, Bulls Stay Optimistic
XRP started its bull run in the last week and reached $0.5813 yesterday. The trading volume of XRP has also depicted a growth of approximately 80% as compared to its price in the last week.
An Overview
During the last seven days, XRP broke the resistance level and is now retaining the gains. At the time of writing this article, XRP is trading at $0.5574 by 13.43% price growth in the last seven days. After touching the All-time low value of $0.0029802, XRP kept on fluctuating. On 19th October, XRP started moving in an upward direction from $0.04866.
Statistical Data
Currently, XRP is trading at $0.5574 with a market cap of $29,583,945,299. If we look at the 24-hour trading volume which is $1,465,085,258 and is declined by 49.12% per cent because of the recent spike of XRP’s value that touched $0.5813 on 24th of October 2023. Even though, XRP is showing a bulling manner and is in green graph.  The total market supply of XRP is the market is 53,441,027,384 XRP.
Also Read: XRP Surges as Court Rejects SEC’s Appeal in Ripple Case
Price Analysis
XRP has been staggering for the last couple of weeks but now seems to be gaining momentum. XRP started its bull run in the last week and reached $0.5813 yesterday. The trading volume of XRP has also depicted a growth of approximately 80% as compared to its price in the last week.
XRP’s recent 10.8% price increase and a 20% rise in trading volume to $2.38 billion have further boosted its growth.
Support and Resistance Level
XRP left the support level on 20th October from the XRP’s price value of $0.4866 and has been moving into a green line. It crossed its resistance level and touched the price of $0.5813 on the 24th of October 2023. Currently, XRP stands at $0.5574.Top of Form
Price Prediction
The last seven days have been proven fruitful for the Ripple Labs and a significant week of Uptober for several digital assets and for XRP as well. Â XRP seems to be bullish and is expected to break the resistance level and move further crossing $1 by the end of this month.
Conclusion
XRP helped start the “Uptober” rally, but it’s not growing as fast as top altcoins like Chainlink (LINK) and Solana (SOL) this month. However, XRP is expected to be a printable asset in the coming time.
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