XRP conquers cryptocurrencies’ top 100 as most profitable among them all in last 24 hours
According to CoinMarketCap, XRP has become the top 100 most profitable crypto asset in the last 24 hours. During the period in question, the price of XRP increased by 7.5%, and at its peak, the increase reached 11%.
After two weeks of accumulation at the bottom, amid the collapse of the crypto market caused by the FTX crisis, XRP overcame an important resistance at $0.38. XRP is up 13.61% since the beginning of the week.
As u.today reported yesterday, ahead of the latest rally, XRP Was “doomed” in some ways to post positive price action, managing to recoup more than one-third of November’s decline and now more than two-thirds.
Possible XRP price action
Then, if there are no new shocks, the probability of which is doubtful right now, the price of XRP should be pulled into the $0.5 zone, where it stayed all of October before it turned out that the funds of FTX clients were lost by Sam Bankman-Fried and his affiliated structures.
How XRP price will act further depends on the overall situation of the crypto market, as well as on its development and outcome. SEC case against Ripple,
