XRP's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
XRP's price has seen a 5.31% increase over the past 24 hours, reaching $0.63, despite a weekly trend of an 8.0% decrease from $0.68. The coin's all-time high is $3.40. Trading volume has decreased by 6.0% over the past week, while the circulating supply has slightly increased by 0.18% to 54.88 billion, representing 54.88% of its max supply. XRP's current market cap is $34.45 billion, ranking it #7.
March 21, 2024 | 3:00 pm
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XRP's price increased by 5.31% in the last 24 hours, reaching $0.63, despite a weekly downtrend. The market cap remains robust at $34.45 billion, securing its #7 rank.
The short-term increase in XRP's price, despite a weekly downtrend, indicates a potential rebound or market correction. The slight increase in circulating supply without significantly affecting its market cap suggests a stable demand. However, the decrease in trading volume could indicate less trading activity or interest, which investors should monitor closely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100