XRP Surges 354% in 3 Months: Will It Bounce Back From Recent Dip?
XRP has experienced a remarkable 354% gain over the past three months, though it recently dipped by 4.9%, bringing its current price to $2.54.
Despite this recent dip, XRP’s rise can be attributed to optimism about potential legal outcomes. Increasing institutional interest, and a bullish market phase. The coin, which operates on the XRP Ledger (XRPL) with its unique consensus algorithm, has secured its position as the third-largest cryptocurrency by market cap at $145 billion.
With massive trading volumes, especially in South Korea’s Upbit exchange, XRP’s future remains uncertain. Raising questions about the sustainability of these gains.
Clever Robot News Desk 5th December 2024
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