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The crypto market opened trading today with most of the coins registering little or no movement. In the top-10 list of cryptocurrencies with this highest market caps, only four coins have gained more than 1% over the past 24 hours. These are Cardano (ADA), Chainlink (LINK), Polkadot (DOT), and XRP (XRP). Bitcoin, the leading coin regarding market cap has only surged 0.92% and Ethereum is up 1.42%.
According to data from CoinMarketCap, XRP is the biggest gainer in the top-10. At the time of writing, the coin is trading at ÂŁ0.19. This figure denotes an 8.28% gain over the last 24 hours and a 3.47% gain over the past seven days. While these gains are significant, they have not pushed XRP up regarding its rank seeing as the coin is currently sitting at the 4th position. Also, XRP has remained in the same price range that it has been trading at for more than a month now after finding support at the ÂŁ0.177 level.
However, analysts believe that this rally has the potential to push its price higher should the coin avoid a downward correction past ÂŁ0.187. Additionally, XRP would need support form the broader crypto market to breach past its current resistance level at ÂŁ0.196.
Crypto experts predict XRP might surge to ÂŁ23
XRPâs gains today come after Credible Crypto, a renowned crypto expert predicted that the coin has the potential to surge to ÂŁ23 in the next two to three years. The analyst made this prediction on October 2 through a series of tweets, noting that the coin might soar in the next bull run to reach such levels.
Credible Cryptoâs tweet read,
âKeep it real. XRP price IS NOT âpre-determined.â XRP IS NOT âbacked by goldâ. XRP WILL NOT reach the prices BTC has ($10,000+). XRP will NOT replace the dollar. But it doesnât need to do ANY of these things to make you and me life changing money over the next 3 years.â
Keep it real.$XRP price IS NOT âpre-determined.â $XRP IS NOT âbacked by goldâ. $XRP WILL NOT reach the prices $BTC has ($10,000+).$XRP will NOT replace the dollar.But it doesnât need to do ANY of these things to make you and me life changing money over the next 3 years.
â Credible Crypto (@CredibleCrypto) October 2, 2020
He added that,
âI donât know about the long term, but look for $20-$30 over the next bull run (2-3 years).â
Ripple set to launch a trading platform offering real-time access to crypto markets
In related news, Ripple Labs unveiled that it seeks to roll out an enterprise-grade trading platform that will offer real-time access to crypto markets. The firm disclosed this news by posting a job advertisement for a senior software engineer for liquidity. Per the publication, the liquidity engineer is mandated with building the aforementioned platform and handling execution algorithm modelling and implementation. Additionally, the candidate will be responsible for sourcing and aggregating liquidity.
The post XRP (XRP) surges more than 8% in 24 hours appeared first on Invezz.
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