XRP Price Extends Weekly Gains to 30%, Grabs 2nd Spot on Coinbase

10 hours ago by · 3 mins read

XRP has gained 30% over the past week, thereby becoming the third-largest crypto after Tether, and the second on Coinbase in trading volume after Bitcoin.

XRP XRP $2.95 24h volatility: 3.1% Market cap: $174.47 B Vol. 24h: $10.83 B price shows strength, gaining an additional 5% in the last 24 hours and moving closer to $3, with a massive surge in daily trading volume to $9.1 billion. XRP grabbed the second spot on Coinbase, in terms of trading volume, only after Bitcoin BTC $120 047 24h volatility: 0.9% Market cap: $2.39 T Vol. 24h: $67.78 B . With 30% weekly gains, XRP has surged to the third spot, overtaking Tether USDT $1.00 24h volatility: 0.0% Market cap: $159.53 B Vol. 24h: $139.96 B , with a $172 billion market cap.

Next XRP Price Stop to $6?

This massive upside comes ahead of the launch of the ProShares XRP ETF this week on July 18.

Crypto analyst Ali Martinez has turned bullish on XRP, highlighting a possible breakout scenario. He noted that a decisive weekly close above the $3 mark could open the door for a strong rally toward $6 or beyond.

“When you zoom out on $XRP, it’s hard not to go all in,” he wrote, while stressing the bullish technical structure on the chart. Currently, the sharp surge in trading volumes, close to $10 billion, also supports the upside. Furthermore, as per the CoinGlass data, the XRP futures open interest is also up by 7.9% to $8 billion, hinting at potential bullish sentiment among traders.

With the XRP price hitting a four-month high, blockchain analytics firm Santiment reported that the recent rally comes alongside a notable increase in network activity and a surge in retail interest. It also noted a sharp uptick in the creation of new XRP wallets.

At the same time, XRP-related discussions have spiked across social media platforms, suggesting rising engagement from retail investors. As a result, market analysts believe that XRP could rally to $10 as well in the coming days.

Ripple Institutional Inflows on the Rise

The Ripple ecosystem is witnessing overall growth with strong institutional participation, which supports the XRP price rally. The growing enterprise adoption of its blockchain solutions puts Ripple at the forefront of this euphoria.

Furthermore, with the regulatory clarity in the Ripple lawsuit, traditional banking institutions are partnering with the blockchain firm in a show of confidence.

Last week, America’s oldest bank BNY Mellon was appointed as the primary custodian for Ripple’s US dollar-backed stablecoin, RLUSD. Under the new arrangement, BNY Mellon will be responsible for safeguarding the dollar reserves that underpin the value of the stablecoin.

TOKEN6900 Presale Grabs Limelight

As Bitcoin approaches a potential new all-time high, a growing number of investors are turning their attention to TOKEN6900. It positions itself as a self-aware commentary on speculative digital assets. Moreover, the project claims to track macroeconomic indicators such as liquidity, GDP, oil reserves, and corporate earnings.

What makes it one of the best crypto presales today is that the includes 40% for marketing, 15% for core development, 10% for liquidity, 5% for staking rewards, and an undisclosed share for the developer “moon bag.”

Presale Snapshot:

  • Current price: $0.00655
  • Funds raised: $483,042.3
  • Token ticker: TOKEN6900
  • Hard cap: $5 million

Final price at end of presale: $0.007125

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