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XRP breaks out above 15%; summons bull to become biggest 24-hour gainer


ambcrypto.com 24 December 2018 06:00, UTC
Reading time: ~2 m

In the current bull run, some of the coins under top-10 on the cryptocurrency chart are performing extraordinarily well. At the time of writing, the second largest cryptocurrency, XRP, was up by 15% wherein it was trading at a bullish figure of $0.43 with a market cap above $17.5 billion. The total trade volume of the coin in the past 24 hours was observed to be $965 million.

XRP hike in 1-hour candlestick | Source: tradingview

At the beginning of the 24-hour cycle, XRP was trading at an extremely low price of $0.36 with a market cap of over $15 billion. Post this, the token took an upturn and began to trade at $0.38. Finally, XRP broke out above the mark set at $0.40 to trade around $0.43 wherein its market cap also blew out of proportion with an add-on of at least $2.5 billion in just a day. At present, the trade volume of the coin has hiked above a billion dollars.

This hike could be noted as a reward to the XRP community after the head of Binance, Changpeng Zhao confirmed that his platform will add XRP as a base pair with Tron [TRX] and Zcoin [XZC] today.

However, this speculation cannot be confirmed as the maximum trade volume for the token is flowing in from a cryptocurrency exchange called Bitbank wherein the current volume is recorded at $165.6 million and can be credited to the pair XRP/JPY.

The second largest trade volume is coming from a Korean exchange called Upbit wherein the figures are equaling at $138.2 million in the pair of XRP/KRW.

According to the XRP community, this is just the beginning as many predictions have been made for XRP, claiming that the cryptocurrency might reach an inconceivable trading price of above $500 in a foreseeable future.

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