Ripple, seems to be in high demand, as it broke another feat in 2020 by recording its highest daily gains. The coin is about 30% up and it’s now the third most valuable crypto by market value.
- At the time of writing, Ripple gained $0.443087 with a 24-hour trading volume of $11,398,805,852.
- XRP price is up 37.4% in the last 24 hours. It has a circulating supply of 45 billion coins and a max supply of 100 billion coins.
- Ripple volume has gone from 1.5 to 5.6 billion in one day and it’s still going strong.
The third most valuable crypto by market value started its bullish run barely a few days ago when it traded below $0.3, but it started rising steadily and very fast, reaching as high as $0.44.
Ripple has broken out of a symmetrical triangle pattern at the start of November as it breaks higher, showing the bulls are now having the shots in this fast ever-changing crypto market.
This is a very good signal, taking to account a significant number of Ripple investors have struggled heavily against BTC performance in Q4 2020.
What you should know
Ripple owns more than half of the total supply of XRP. In late 2017, the company vowed not to sell all of its tokens (XRP) at once, keeping up to 55 billion XRP in protected escrow accounts.
Ripple (XRP) plays dual roles as a payment platform and a currency. The platform is an open-source platform that is created to allow quick and cheap transactions.