Ripple’s XRP returned to the $0.51 range after the Swell conference ended and the hype around xRapid subsided. Some see the price drop as concerted manipulation, but even at its recent peak, XRP displayed limited strength, rising to $0.76.
Still, XRP is among the best performers in the past month, climbing up from lows of under $0.30 and keeping part of the gains. At the same time, it was met with skepticism, once again seeing reminders that it is not essential to the workings of the Ripple payment systems.
In the past day, XRP gradually descended from around $0.56 to $0.51 as of 10:00 UTC, clocking 24-hour volumes of over $877 million. The asset is extremely active on Japan’s Bitbank exchange, where more than $124 million of trading is located, that being against the Japanese yen. Binance is also among the leading exchanges. This time, XRP has replaced Bitcoin in gaining the ent...
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