After DOGE, XRP price also increased by 86 percent!

XRP price experienced a strong 86 percent rally in the first hours of January 30. The fourth largest cryptocurrency in terms of market capitalization has become the new focus of the cryptocurrency-focused subgroup r / Satoshistreetbets of the r / Wallstreetbets subreddit on Reddit.

Cointelegraph Markets and TradingView data show that the XRP price jumped from $ 0.28 to $ 0.51, then declined to $ 0.41 as profit taking started. XRP, which has experienced a 40 percent rise in the last 24 hours, is trading at $ 0.62 as of the time of translation broadcast.

15-minute chart of the XRP / USDT pair. Source: TradingView

Last week’s shares of GameStop and AMC and r / Wallstreetbets users that caused Dogecoin to skyrocket, apparently turned their attention to XRP this weekend. On the other hand, Stellar has also been on the rise with XRP.

TheTIE data reveal that the XRP rally was accompanied by an increase in tweet volume.

XRP price and tweet volume. Source: TheTIE

Stellar (XLM) also received similar attention from Reddit users, surging 64 percent to $ 0.38 on January 27. XLM is trading at $ 0.32 as of the time of translation broadcast.

Check Also

Institutional investors flock to XRP products

Institutional investors showed great interest in XRP last week. The managed assets of XRP investment …

Leave a Reply

Your email address will not be published. Required fields are marked *