- XRP is currently trading at $0.5207 after a more than 6% jump in price.
- Ripple’s network growth yesterday was the highest it has been in three months.
- It is expected that XRP could rally to $0.66.
On Friday October 7, the broader crypto market descended into the red. However, XRP did not suffer the same fate as it saw a decent price increase over the last day.
XRP / Tether US 1D (Source: CoinMarketCap)
According to data from the crypto market tracking website CoinMarketCap, XRP is currently trading at $0.5207 after a more than 6% jump in price over the last 24 hours and after reaching a high of $0.5279 over the same time period. In addition to this, XRP is more than 9% in the green over the last week.
XRP’s 24 hour trading volume is also turning heads today as it is up more than 60% to now stand at $2,892,691,591.
XRP Network Growth (Source: Santiment)
The excitement surrounding XRP is also reflected in the fact that the crypto’s network growth yesterday was the highest it has been in three months with more than 2,773 new XRP addresses created.
Things are also looking good in Ripple’s court case against the SEC. At the moment, it looks like Ripple will be able to defend its position that XRP is not a security. Ripple has also clearly been pressing the SEC hard and it looks like they are determined to take the case to its conclusion by the end of the year.
When looking at XRP’s chart, we see that the price of the crypto has managed to break past its crucial resistance at $0.50. If the bullish momentum continues, it is expected that XRP could rally to $0.66.
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