Source: Invezz
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Cryptocurrency
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XRP just broke $1.50 but is the rally strong enough to reach $2.10 next?
XRP gained more than 7% over 24 hours as a weekend rally lifted cryptocurrencies and forced traders with bearish positions out of the market. The token outpaced several other major crypto assets, drawing attention to both the scale of the short squeeze and recent developments across Ripple's payments ecosystem. Trading volume rose 155% to $7.4 billion during the same period, according to the figures cited in the original analysis. That is equivalent to roughly 7% of XRP's circulating market capitalization. Higher turnover shows that participation increased as the price climbed, although volume alone cannot establish how much of the activity came from new buyers rather than traders closing positions.
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Source: Invezz
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