The digital currency ecosystem is gradually returning to a positive run as its combined market capitalization reaches $1.18 trillion, up 0.56%. As this recovery continues, XRP also recovered from long-term losses in the last 24 hours. However, it rose 0.50% to $0.468.
Amid the vast uncertainty surrounding the crypto market, XRP has remained a visibly resilient digital currency. Comparatively, it has suffered less losses than its peers, including Stellar (XLM), over the past seven days and months.
A major trigger for XRP that is bullish and could rekindle the bullish sentiment is a trading volume reversal. In one night, crypto- money A total of $470.8 million worth of XRP coins have been traded so far, down 48.47%, in an indication of waning interest among retail traders of the unit.
The renewed interest in XRP trading volume could significantly impact the price of the asset to new highs. Since the initial target is the $0.5 price level, a little heavy buying could help reach this price point in the near term.
Positivity in the XRP Ecosystem
During the past two years Altcoins, Ripple Labs, Inc. by the SEC. He was fighting an independent war as he was baptized as an investment contract in the lawsuit against him. With this war nearly over, optimism is growing that the digital currency can finally follow a defined and unwavering growth path. The XRPL and Ripple Labs ecosystems are also recording a number of positive milestones in their development efforts. Including new product launches, all of this gives a bullish feel that could power the growth of the XRP coin in the long run.