On Thursday (February 13), XRP is managing to do what very few cryptoassets among the top 50 (by market 50) are doing — staying in the green.
According to data from CryptoCompare, at the time of writing (18:22 UTC), XRP is trading at $0.3292, up 9.51% in the past 24-hour period:
Here are a few other facts and figures about XRP:
- Liquid Market Cap: $9.43 billion
- Reported Market Cap: $14.38 billion
- 14.42%, 38.19%, and 68.10% gains vs USD in the past 7-day period, 30-day period, and year-to-date period respectively
As for today’s performance action, a gain of 9.51% for XRP-USD on its own might not sound very impressive in the highly volatile world of cryptoassets, but it looks a lot more impressive when you consider how some of the other major cryptoassets are doing today:
- Bitcoin (BTC): $10,193 (-1.09%)
- Ethereum (ETH): $267.81 (+1.13)
- Bitcoin Cash (BCH): $467.41 (-1.85%)
- EOS: $5.24 (-2.14%)
- Tezos (XTZ): $3.22 (-4.39%)
In fact, out of the top 50 cryptoassets (by reported market cap), XRP is one of only twelve cryptoassets that have managed to stay in the green, and it is the one with the highest daily gain (vs USD) in the past 24-hour period.
On Tuesday (February 11), Grayscale Investments acknowledged increasingly popularity among both retail and institutional investors:
XRP has gained momentum amongst both financial institutions and individual users. Why? Learn more about $XRP in our Building Blocks report, aimed to help investors of all levels better understand the digital asset class: https://t.co/iFLW4BrEu3 pic.twitter.com/j6rYMAzkgt
— Grayscale (@GrayscaleInvest) February 11, 2020
And yesterday (February 12), Binance.US called XRP “the future of banking remittance services”:
— Binance.US 🇺🇸 (@BinanceAmerica) February 12, 2020
Also, on the same day, popular crypto trader “The Wolf Of All Streets” said that he expected XRP to catch up with the other altcoins that have enjoyed strong rallies recently and that he expected a “blast off” (based on technical analysis of the XRP price charts):
I don’t need a chart to see that $XRP is a candidate for a sizable move. All of the other majors have ripped while it has lagged behind. Don’t be surprised if it catches up.
— The Wolf Of All Streets (@scottmelker) February 12, 2020
I didn't need a chart to predict this, but it's nice to look at one for confirmation. Blast off. pic.twitter.com/Ow7uY995vE
— The Wolf Of All Streets (@scottmelker) February 13, 2020