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Ripple XRP Breaks Rank From Other Crypto Jumps 8%

Manoj Nair




The crypto sector was reeling under selling pressure on Friday when the latest unemployment data from the US was released. Most crypto assets took a knock leaving out Ripple XRP which is defying all market trends and has gained 8% in the past day.

When reports last came in, Ripple XRP was changing hands at $0.5193. In the last 24 hours, it surged by 5.93%. XRP witnessed a 24 hrs. low of $0.4855 and a high of $0.5279. XRP Market Cap stood at $25,899,539,723 and XRP 24 hrs. Volume stood at $2,906,152,583.

The latest price surge of XRP comes in the background of Ripple network growth surging to a three-month high.

Data received from data provider Santiment reveals that XRP Network has performed much better than its brethren and has surged back over $0.52 on a mild decoupling from the rest of the #crypto back today. Santiment data also revealed that Yesterday’s network growth was the maximum in three months, with over 2,773 $XRP new addresses created.

Another factor that is buoying the positive sentiments for XRP is the expectation of an end to the SEC case very soon. The XRP community is also optimistic and feels that Ripple has an advantage in the case against SEC and defends its contention that XRP is not a security.

Coming back to the SEC and Ripple case, the latter has been opposing SEC’s move to deny permission to two firms to file Amicus Briefs in the XRP lawsuit. Ripple is on a higher ground legally and is determined to take the case to its logical conclusion and serve it as a beacon for the crypto sector in the future.

Ripple XRP Can Surge 30% More

Ripple XRP is going great guns and has managed to break the important benchmark resistance of $0.50 and if the native coin is able to maintain this momentum in the coming days XRP price to rally all the way to $0.66 based on the technical charts.

September has been extremely beneficial for the XRP coin and analysts contend if it can sustain $0.50 it could reach $0.56 and even reach $0.61 and even $0.66. The month of October is also turning out to be a good month for the crypto sector and all eyes are now on the Ripple vs SEC case which could be a major pathbreaking event for XRP holders.

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