XRP, which has gained 20% in the past 24 hours, is at a level not seen in 16 months, topping $ 0.36.
As Bitcoin tried to earn $ 19,000 in the morning and pulled out, there was a significant increase in altcoins. XRP, which many investors had expected to repeat its past performance for years, has given hope with its dynamism.
XRP, the fourth largest crypto currency with a market value of $ 16 billion $ 235 million, has risen nearly 20% in the past 24 hours. The coin, which topped $ 0.36 around 9:30 am, hit a level not seen since July 8, 2019. XRP’s performance last week hit 32%.
76% buy rate on Coinbase
On the other hand, when we look at the activities of traders in XRP, we see that 76% have taken a buy position. According to data provided by Coinbase, 76% of those who made XRP transactions on the platform increased their positions in the past 24 hours, while 24% decreased their assets. On the other hand, the average holding period for XRP in Coinbase is 98 days.
As XRP is a cryptocurrency with a high potential for large price movements, the movements excite its investors. In 2017-18, when the market was in a bullish cycle, XRP had risen 1700% in just one month.