XRP is navigating the waves to new shores while the larger cryptocurrency ecosystem begins to recover. The cryptocurrency hit its recovery phase at $0.522, having surged as much as 3.4% in the previous day. According to statistics from CoinMarketCap, XRP has increased by more than 7% during the last seven days.
For XRP bulls and the larger community of HODLers, this comeback is significant since regaining lost territory is still the main goal. XRP has traded far lower than its main competitors within the last six months. Over the last six months, the asset’s price has decreased by 17.07%, with corresponding losses recorded in the three- and monthly time periods.
It’s too soon to say how ambitious this latest comeback will be, but it’s imperative to go back to winning strategies. After the currency failed to retest the $0.8 price level it was trading at after Judge Analisa Torres’ verdict on its status in July of last year, many supporters of XRP have lost faith in the token’s future.
Currently, the coin’s major objective is to overcome its present headwinds, which includes dispelling any kind of fear, uncertainty, or doubt (FUD) regarding its security.
XRP advances in network milestone
With over five million active users each month, XRP and the XRP Ledger (XRPL) have reached several noteworthy benchmarks.
In order to increase its impact, the protocol is presently concentrating on bringing in the upcoming wave of layer-2 scaling solutions, in addition to the often updated XRP Ledger, which received the Clawback feature on its mainnet lately.
Because of this objective, the Xahau Sidechain and Evernode (EVRS) have emerged, and it is anticipated that these two projects will spearhead the next great wave of innovation on the XRP Ledger protocol.
