{"id":36069,"date":"2025-01-15T15:30:05","date_gmt":"2025-01-15T15:30:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=36069"},"modified":"2025-01-15T15:30:05","modified_gmt":"2025-01-15T15:30:05","slug":"ripple-price-hits-7-year-high-at-3-amid-growing-xrp-network-adoption","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=36069","title":{"rendered":"Ripple Price Hits 7-Year High at $3 Amid Growing XRP Network Adoption"},"content":{"rendered":"

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

The US CPI data has positively impacted the overall crypto market, but Ripple\u2019s native token is on the run again, tapping a new multi-year peak.
\nThis comes amid growing adoption for the underlying network, as well as whales going on an accumulation spree.<\/p>\n

<\/a>XRPUSD. Source: TradingView<\/p>\n

XRP entered the new year at $2.1 after the crash that transpired at the end of 2024, which pushed it south to just under $2. It bounced off in the following days and challenged $2.5 on a couple of occasions before it was ultimately rejected.<\/p>\n

As reported on Monday, the asset dumped hard to $2.33, but its decline was a lot less painful compared to the rest of the market.<\/p>\n

Since then, XRP has gone on a tear, surging past several resistance levels. Earlier this morning, the asset tapped<\/a> $2.9 to mark a new 7-year high, only to break it a few hours later. Just minutes ago, it went on the run once again, this time tapping $3 for the first time since January 2018.<\/p>\n

The next mark in sight is the all-time high registered back then of $3.4 (according to CoinGecko). This rally comes on the heels of massive whale accumulations, as well as other possible reasons which we have discussed here<\/a>.<\/p>\n

Popular crypto analyst Ali Martinez outlined another growing part of the overall Ripple ecosystem. He noted that the number of massive transactions with value of over $1 million has hit 341 in the past 24 hours, which is a substantial increase compared to the previous days.<\/p>\n

The number of transactions over $1 million on the $XRP<\/a> network is on the rise, hitting 341 transactions in the past 24 hours, shows on data from @santimentfeed<\/a>. pic.twitter.com\/a2eHLsitlq<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 15, 2025<\/a><\/p>\n\n

It\u2019s worth noting that XRP\u2019s latest surge came just a few hours after the US CPI numbers came out. The entire market headed north, with BTC reclaiming<\/a> $99,000, but XRP has once again performed more impressively.<\/p>\n

The post Ripple Price Hits 7-Year High at $3 Amid Growing XRP Network Adoption<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL:DR; The US CPI data has positively impacted the overall crypto market, but Ripple\u2019s native token is on the run again, tapping a new multi-year peak. This comes amid growing adoption for the underlying network, as well as whales going on an accumulation spree. XRPUSD. Source: TradingView XRP entered the new year at $2.1 after […]<\/p>\n","protected":false},"author":0,"featured_media":36070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36069","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\/36069"}],"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=36069"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/36070"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}