XRP Price Surges 10% in a Day
The XRP price has seen a significant 10% increase in the last 24 hours, driven by a remarkable 135% surge in trading volume. As of 2:02 a.m EST, the remittance token is trading at $0.6798 after breaking free from a consolidation phase between $0.4735 and $0.5392.
XRP’s Bullish Fundamentals
XRP holds a unique position as one of the few assets with regulatory clarity following Ripple’s legal victory against the US Securities and Exchange Commission (SEC). This win, coupled with the failure to meet the appeal deadline, has solidified the victory for the XRP community.
Meanwhile, Ripple is dominating the crypto trading landscape in South Korea, outperforming Bitcoin and Ethereum on trading volumes. Recent research by Kaiko shows that South Korean millennials favor XRP over other cryptocurrencies like Bitcoin and Ethereum.
XRP Price Forecast
After a 10% surge in the last day, Ripple’s price is showing strength to continue its upward trend that began in mid-October. The daily chart for XRP/USDT indicates potential for further gains, with key resistance levels at $0.7771 and $0.8500.
However, if XRP faces rejection at the $0.6968 resistance level, it could potentially fall back to previous support levels or even lower. This possibility is heightened by Bitcoin’s correlation with XRP, meaning a pullback in Bitcoin could also affect Ripple’s price.
Promising Alternative to XRP
For investors looking for an alternative to XRP, TGC (TG.Casino) is emerging as a promising choice. TGC is a new token powering the TG.Casino ecosystem and has gained significant attention as one of the top three cryptocurrency presale opportunities for high profit potential in November.
The project has already raised over $1.7 million in its presale and is garnering widespread interest within the crypto community. With no KYC processes required, TGC offers an exclusive place for online, anonymous crypto gambling.
Hot Take: Diversify Your Portfolio with TGC
If you’re considering diversifying your crypto portfolio beyond XRP, TGC presents a compelling opportunity with its growing popularity and strong financial backing. With regulatory clarity on its side and increasing demand among cryptocurrency enthusiasts, TGC may offer exponential gains for savvy investors looking beyond traditional digital assets like XRP.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
