XRP price saw a 55% breakout over the past two days as the sixth-ranked cryptocurrency by market cap has renewed its focus on the creation of a cross-border payment network that is inclusive and sustainable.
Data from Cointelegraph Markets and TradingView shows that XRP dropped to a low of $0.566 in the early hours on April 4 before a wave of trading volume helped lift its price to a high of $0.877 within the last few hours.
The uptick in trading volume was sparked after Ripple posted a blog entitled “Creating a More Financially Inclusive and Sustainable Future” which discussed how the project has partnered with “mission-driven financial technology companie, leading universities, NGOs, foundations and social entrepreneurs to create greater economic fairness and opportunity for all.”
A second wave of buying took place on April 5 after Ripple posted the following announcement detailing its most recent acquisition designed to enhance its cross-border payment capabilities:
#ICYMI – We’ve announced our acquisition of 40% stake in cross-border #payments specialist @Tranglo. Details on our recent announcement here. https://t.co/3YQPtNGrwF
- Ondulation (@Ondulation) avril 5, 2021
Combined, these recent announcements have led to a 257% increase in XRP trading volume over the past two days from an average 24-hour volume of $5 billion on April 4 à $18.4 billion traded on April 5.
While this rally caught many traders by surprise, VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XRP on March 31, avant la récente hausse des prix.
Les VORTECS™ But, exclusif à Cointelegraph, est une comparaison algorithmique des conditions historiques et actuelles du marché, dérivée d'une combinaison de points de données incluant le sentiment du marché, volume d'échanges, mouvements de prix récents et activité Twitter.
Comme le montre le graphique ci-dessus, les VORTECS™ Score for XRP climbed into the green and registered a high of 67 en mars 31, roughly four days before the price began to spike.
Les VORTECS™ Score has also risen significantly alongside the price increase on April 5, atteignant un sommet de 84 au moment de la rédaction. Previous backtesting of the VORTECS™ system indicates that based on its rising score, that the price of XRP may still have further upside to go as trading and Twitter volumes continue to show significant increases.
Les opinions et opinions exprimées ici sont uniquement celles de l'auteur et ne reflètent pas nécessairement les vues de Cointelegraph.com. Chaque mouvement d'investissement et de trading comporte des risques, vous devez mener vos propres recherches lorsque vous prenez une décision.
Bloquons les annonces! (Pourquoi?)
La source: Cointelegraph