XRP is currently trading at $ 1.01 and has seen over 40% growth over the week. No other coin from the top 15 by market capitalization was able to perform in parallel with XRP.
XRP could go a lot higher
In a recent tweet, citing growth of over 18 percent in 24 hours, on-chain analytics; Santiment tweeted:
$ XRP is currently enjoying a + 18% day of a nice decoupling from $ BTC and the rest of #crypto. Watch for spikes in address activity (unique addresses interact daily) and network growth (new addresses created) that would fuel this rally further.
$ XRP is currently enjoying a + 18% day of a nice decoupling from $ BTC and the rest of #crypto. Watch for spikes in address activity (unique addresses interact daily) and network growth (new addresses created) that would fuel this rally further. https://t.co/Yr9abjv2EW pic.twitter.com/JE44wtJBgL
– Santiment (@santimentfeed) August 11, 2021
The last time XRP traded at the same price level was in early June before losing almost half of its value in the weeks that followed, as the coin traded at a price level of $ 0.70 in the last few days of the month. On July 22nd, it traded barely above the $ 0.55 level, similar to June 22nd when it traded around $ 0.52.
Since July 22nd, XRP has seen over 100% growth, which has brought the price to $ 1.09. Well, as data provider Santiment tweeted, XRP appears to have gained significant momentum, which could mean that XRP price could soar bullishly.
Other important determinants
Aside from the tech game of XRP, the SEC lawsuit is currently having a huge impact on the token price action. While the lawsuit previously had a huge impact on XRP value, in the future, if the case continues to move towards the defendant, it could do a lot more good than the bad it did to the token.
In addition, XRP parent company Ripple’s growth looks rather bright around the world, especially in Asia.
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