{"id":24540,"date":"2024-11-29T15:14:25","date_gmt":"2024-11-29T15:14:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=24540"},"modified":"2024-11-29T15:14:25","modified_gmt":"2024-11-29T15:14:25","slug":"ripple-xrp-price-soars-15-daily-flips-binance-coin-bnb","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=24540","title":{"rendered":"Ripple (XRP) Price Soars 15% Daily, Flips Binance Coin (BNB)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

XRP\u2019s market cap hit $96.5B, with analysts predicting potential highs of $10 \u2013 $13 if momentum continues.<\/span>
\nNonetheless, the token\u2019s RSI at 72 suggests it may face a short-term pullback.<\/p>\n

<\/a><\/p>\n


\nRipple\u2019s XRP has been the talk of the town in the past month, with its price jumping by over 200%. Earlier today (November 29), it pumped to a three-year high peak of almost $1.70.<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Its market capitalization spiked to $96.5 billion, thus flipping Binance Coin (BNB). XRP is currently the fifth-largest cryptocurrency, trailing behind Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Solana (SOL).<\/span><\/p>\n

Somewhat <\/span>expectedly<\/span>, the rally has fueled <\/span>a huge<\/span> enthusiasm across the XRP army and popular analysts. Mikybull Crypto <\/span>predicted<\/span><\/a> a cycle top of $10 if the price surpasses $2. Cryptoinsightuk was even more bullish, <\/span>speculating<\/span><\/a> that XRP could exceed $13 <\/span>in the near future<\/span>.<\/span><\/p>\n

As <\/span>CryptoPotato<\/span><\/em> recently <\/span>reported<\/span><\/a>, <\/span>there are many factors which<\/span> have potentially triggered the surge. Gary Gensler\u2019s departure as Chairman of the US SEC and <\/span>the<\/span> increased rumors of the launch of Ripple\u2019s stablecoin are some examples.<\/span><\/p>\n

Despite the <\/span>overall<\/span> optimism, one on-chain metric suggests that XRP might experience a correction in the short run. <\/span>This<\/span> is<\/span> the Relative Strength Index (RSI)<\/span>, which<\/span> measures the speed and change of price movements.<\/span><\/p>\n

It varies from 0 to 100, and ratios above 70 signal that the asset has entered an overbought territory, meaning it might head south soon. Conversely, readings below 30 <\/span>are viewed<\/span> as a buying opportunity.<\/span><\/p>\n

Currently, XRP\u2019s RSI is <\/span>in the bearish zone<\/span><\/a> of approximately 72.\u00a0<\/span><\/p>\n

The post Ripple (XRP) Price Soars 15% Daily, Flips Binance Coin (BNB)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP\u2019s market cap hit $96.5B, with analysts predicting potential highs of $10 \u2013 $13 if momentum continues. Nonetheless, the token\u2019s RSI at 72 suggests it may face a short-term pullback. Ripple\u2019s XRP has been the talk of the town in the past month, with its price jumping by over 200%. Earlier today (November 29), […]<\/p>\n","protected":false},"author":0,"featured_media":24541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24540"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24540"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24541"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}