Ripple’s native token, XRP, is currently making waves in the cryptocurrency space, surpassing major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others.
Since Donald Trump was elected President of the United States, XRP has surged more than 270%, recording the highest gain among the top 10 cryptocurrencies.
XRP Bit Binance Coin (BNB), Eyes on SOL
Amid this rally, XRP outperformed top cryptocurrencies such as Binance Coin (BNB) and Dogecoin (DOGE). However, it is currently ranked 5th on CoinMarketCap, close to Solana (SOL), which is ranked 4th.
XRP Whales Add $290 Million Tokens
Amid this ongoing rally, whales and traders have shown strong interest, belief, and confidence in the token. Recently, whale trading tracker Whale Alert posted on
The post noted that these significant withdrawals occurred on various cryptocurrency exchanges, including Binance, Bybit, and Bithumb. Within the cryptocurrency community, this activity is seen as a potential sign of upward momentum.
Current price momentum
Experts and cryptocurrency enthusiasts speculate that this could be the reason for XRP’s notable 18% upward momentum today. During this rally, XRP reached an intraday high of $1.9403. However, as of press time, the altcoin is trading near $1.88, registering an increase of over 11.15% in the last 24 hours.
Meanwhile, during the same period, XRP’s trading volume surged by 25%, indicating increased participation from traders and investors fueled by optimism.
XRP Technical Analysis and Future Levels
According to expert technical analysis, XRP is approaching its all-time high (ATH). Depending on the price action, if the altcoin exceeds the ATH level, there could be significant gains in the coming days.
However, technical indicators such as Relative Strength Index (RSI) suggest a possible price correction in the future. XRP’s daily chart shows that RSI is currently in overbought territory.