XRP's Price Increased More Than 19% Within 24 hours
Portfolio Pulse from Benzinga Insights
XRP's price surged by 19.01% in the last 24 hours, reaching $0.73, with a weekly increase of over 13% from $0.65. The coin's trading volume rose by 53% over the week, while its circulating supply decreased by 0.67%, now at 54.74% of its max. XRP's market cap ranks it 6th at $40.64 billion.
March 11, 2024 | 7:00 pm
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XRP's price increased by 19.01% to $0.73, with a 13% weekly gain. Trading volume is up by 53%, and the circulating supply has slightly decreased.
The significant price increase of XRP over the past 24 hours and week, coupled with a substantial rise in trading volume and a slight decrease in circulating supply, suggests a strong bullish sentiment among investors. The increase in trading volume indicates heightened interest and activity, which could sustain or further drive up the price in the short term. However, the decrease in circulating supply, while minor, could contribute to a scarcity effect, potentially pushing prices higher if demand continues to increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100