XRP, while at the center of significant legal developments in the cryptocurrency sector, recently experienced a quiet increase in value and secured its place within the top 5 in terms of volume.
Since the beginning of December, XRP has shown a continuous upward trend, especially in the last two days, it exhibited a more pronounced rise along with the movement of altcoins.
After the close on December 8th, there was a price increase of 4.54%, and the price rose to the level of 0.67 dollars. Before the time of writing, the price had advanced to 0.69 dollars but then experienced a pullback and traded at a neutral course at the level of 0.6733 dollars.
Although the XRP price has not yet reached the levels seen during the SEC decision in the summer months, it is in an upward trend due to the effect of the bull run it is thought to have started. At the time of writing, the Relative Strength Index (RSI) was at the 50 level, indicating that investors were on alert.
According to CoinMarketCap data, the rise in XRP’s price has indeed affected its market value and aligns with investor expectations. There was approximately a 6% increase in market value in the last 24 hours. With this increase, XRP closely follows BNB and there is only a difference of 100 million dollars between them. With investor support, XRP could overtake BNB and rise to the 4th position. Moreover, there has been a significant increase in XRP’s trading volume in the last 24 hours, and the volume has reached a figure exceeding 2.4 billion dollars.