XRP Price Finally Reaches $ 1: Why Is XRP Price Rising?
XRP saw the price of $ 1!
#XRP, which lost its third position due to the lawsuit filed against #Ripple , is experiencing a rally that does not look like its previous performance.
🚀XRP Price Hits $ 1.12
The sixth largest cryptocurrency by total market cap has climbed 33% in the last 24 hours to $ 0.92. It is seen that XRP price has already demolished the $ 1 resistance in South Korea-based crypto exchanges.
XRP price rose to $ 1.12 on #Bithumb, one of South Korea's largest cryptocurrency exchanges, breaking the record for almost 3.5 years. The XRP price saw $ 1 before, followed by an increase of up to $ 3. The reason why XRP, which was bought and sold at $ 0.92 on Binance, is traded higher on the South Korean stock market, is known as the #Kimchi price difference.
🚀The Bullish Scenario for XRP
As can be seen from the table above, the value of almost all cryptocurrencies, including BTC and ETH, is much higher than the general average in South Korean markets. This is known as the general price difference in South Korea. However, the fact that the XRP price reaches $ 1.12 can actually continue this in the global markets.
It is seen that the points that investors should pay attention to on the XRP chart are $ 0.96, $ 1.20 and $ 1.60, respectively. If the XRP price rises above the $ 1.60 level, it may open the door to seeing $ 2.5 again. The 24-hour trading volume of the XRP / USD pair also shows that there is currently an incredible demand.
🚀Why is XRP Price Rising?
The reason for the increase in XRP price may be the altcoin rally. In general, while all altcoins were rising, XRP, which did not move in the top 10, was flooded with investors. In addition, the positive developments regarding the Ripple case also contributed to the XRP price.
A new hearing will be held between Ripple and SEC tonight, and investors are making a serious purchase ahead of this hearing.