{"id":37400,"date":"2025-01-20T15:41:23","date_gmt":"2025-01-20T15:41:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=37400"},"modified":"2025-01-20T15:41:23","modified_gmt":"2025-01-20T15:41:23","slug":"why-is-the-ripple-xrp-price-up-today-6","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=37400","title":{"rendered":"Why is the Ripple (XRP) Price Up Today?"},"content":{"rendered":"

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

XRP recorded another green day, with its price jumping above $3.30.<\/span>
\nCheck out the potential factors that have contributed to the surge.<\/p>\n

<\/a><\/span><\/h2>\n

What\u2019s Fueling the Rally?<\/h2>\n

Ripple\u2019s cross-border token emerged as one of the top performers on January 20 as its price rose to a multi-day peak of over $3.3.<\/p>\n

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

Perhaps the<\/span> most <\/span>obvious<\/span> factor positively impacting the asset\u2019s performance is the overall resurgence of the crypto sector.<\/span> The <\/span>global market capitalization of the industry<\/span> is hovering around $3.8 trillion, with Bitcoin (BTC) <\/span>hitting<\/span><\/a> a new all-time high of almost $110,000.<\/span>\u00a0<\/span><\/p>\n

Other leading assets that have pumped substantially in the past 24 hours include Ethereum (ETH), Chainlink (LINK), Hedera (HBAR), and more.<\/span><\/p>\n

Another factor could be the increased whale activity. According to X user Ali Martinez, such large investors have <\/span>accumulated <\/span><\/a>more than 100 million XRP (worth over $325 million at ongoing rates) in the last two days.\u00a0<\/span><\/p>\n

Large-scale whale purchases <\/span>could<\/span> create buying pressure and boost market sentiment, potentially leading to short-term gains for the involved asset.<\/span>\u00a0<\/span><\/p>\n

XRP Predictions<\/span><\/h2>\n

Crypto X is full of analysts who kept outlining bullish forecasts for XRP even during the first half of 2024 when it was not performing that impressively. <\/span>As expected, those turned into even bigger optimists lately<\/span>, given the asset\u2019s bull run<\/span>.<\/span><\/p>\n

The X user Dark Defender is one example. Several hours ago, they <\/span>predicted<\/span><\/a> that XRP might never plunge below $3 again. They also think the price could skyrocket above $5.80 soon.<\/span><\/p>\n

CRYPTOWZRD chipped in, too. Last week, they <\/span>assumed<\/span><\/a> that XRP <\/span>is headed<\/span> toward $4 in the short term. Moreover, the analyst suggested, \u201cThe bigger picture is calling $8.\u201d<\/span><\/p>\n

Others, like EDO FARINA, <\/span>said<\/span><\/a> they wouldn\u2019t sell their XRP stash until the valuation hits a whopping $100. The Bitcoin proponent Rajat Soni recently <\/span>claimed<\/span><\/a> that such wild bets come only from people with \u201cundiagnosed mental disability.\u201d\u00a0<\/span><\/p>\n

The finance expert explained that $100 per coin would require XRP\u2019s market cap to explode to the unrealistic $10 trillion (if we <\/span>take into consideration<\/span> the total supply of 100 billion tokens). Based on the circulating supply of 57.5 billion coins, the asset\u2019s capitalization needs to soar above $5.4 trillion, which is still <\/span>quite<\/span> implausible.\u00a0<\/span><\/p>\n

\u201cXRP is a distraction. Stick to Bitcoin,\u201d Soni said in conclusion.<\/span><\/p>\n

The post Why is the Ripple (XRP) Price Up Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP recorded another green day, with its price jumping above $3.30. Check out the potential factors that have contributed to the surge. What\u2019s Fueling the Rally? Ripple\u2019s cross-border token emerged as one of the top performers on January 20 as its price rose to a multi-day peak of over $3.3. Perhaps the most obvious […]<\/p>\n","protected":false},"author":0,"featured_media":6190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37400","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\/37400"}],"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=37400"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/6190"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}