CandleFocus Massive $4.3 Billion XRP Over 24 Hours: Can XRP Spark Rally?
2024-11-11
Author: Content Editor
XRP, the eighth-largest cryptocurrency, has experienced a surge in trading volumes, with 7.45 billion XRP traded in the last 24 hours. This increase coincides with a broader market boom, driven by Bitcoin reaching a new all-time high. XRP has seen periodic price increases since November 4, and on Sunday, it witnessed a sharp rise from lows of $0.55 to highs of $0.613. However, it has given up most of its gains and is currently up 0.29% in the last 24 hours. XRP's performance has been weaker compared to other top cryptocurrencies, raising questions about its future direction. The price has formed a golden cross on its four-hour charts, which could indicate potential short-term price gains. If XRP falls, it may find support near the daily SMA 50 at $0.53, while exceeding $0.618 could see the price aiming for $0.664 and $0.74.
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