The total crypto market capitalization was up by 0.20% at the time of writing, indicating that the larger digital currency ecosystem is now in a slight consolidation stage. This slight uptick has put XRP in a good position to finish the week strong. XRP is now trading at $0.5129, up 1.77% over the previous 24 hours, as of the time of writing.
Regarding price growth and the fundamentals around important events in its ecosystem, XRP has had a busy week. The tendency for the trade volume to maintain its present growth rate is one important positive move supporting the current XRP recovery.
According to CoinMarketCap, a total of $548.2 million have been exchanged over the course of the past 24 hours, representing 5.25% increase. A big boost that can help XRP solidify its position as one of the best-performing cryptocurrencies for the month is the continuation of the evident whale movements that were seen throughout the week in addition to the trading volume.
The market purchasers now know when to cast their nets for the best return on investment given that the most recent expansion of XRP has been marked by significant downturns and uptrends.
Going beyond norm
Ripple Labs, the XRP protocol and its developers, as well as the developing XRP community, have all actively contributed to the rise of XRP.
The ecosystem’s main developers are now often disseminating advice on safety and responsible investment, demonstrating the community cohesiveness has expanded beyond just the normal utility push.
The ecosystem may anticipate more sound advancements in the sector in the near future, particularly as XRP holders’ lawyer John Deaton announced he is now a key player in Spend the Bits, a payment protocol built on XRPL, after making prior indications.
