Tackle Exercise of XRP Will increase Close to $1.10
XRP Experiences Volatility During 10% Increase in Increasing Activity
The seventh-largest cryptocurrency in the world, XRP, had significant fluctuation over the past day, with its value rising by almost 10% on Friday, September 10th during the Asian trading session. XRP increased from $1.10 to as high as $1.23, per the most recent data released by Coinmarketcap. Since then, though, the price has dropped and is currently trading at $1.13, which is just higher than the current trading price of $1.14 for bitcoin, which has a market capitalization of over $52 billion.
An increase in handle activity is linked to the current spike in XRP’s value. There has been a significant increase in the quantity of active addresses in the last few days. As of this writing, XRP had experienced a 10% surge, a brief decline, and a new upswing. For XRP, handle activity continues to be a valuable key measure. In the short term, price increases typically coincide with sharp increases in unique addresses, according to Santiment’s crypto analytics platform.
The previous few days have seen a notable increase in XRP whale activity in addition to the handle activity surge. Recently, 83.2 million XRP, worth a total of $94 million, were transferred from a well-known cryptocurrency wallet to an anonymous wallet. The switch was turned on at 5:03 UTC, and the same XRP whale account transferred over $10 million, or over $13 million, from the Upbit cryptocurrency exchange to Bittrex on Friday, September 10th, at 1:42 UTC.
Rival to Ethereum, Solana (SOL) has crossed the $60 billion market capitalization threshold and has shown to be more lucrative than XRP. SOL saw a significant correction after reaching an all-time high, plunging more than 10%. Concurrently, there was a rise in demand for XRP. There is currently a $3 billion market capitalization gap between Solana and XRP.
At more over $2.1 trillion, the entire market capitalization of digital currencies has not changed much during the past 24 hours.
