The entire cryptocurrency market is outperforming nowadays as the largest crypto – bitcoin leads the rest of the altcoins. Investors are celebrating a bitcoin breakout of over $28K, resulting in a total crypto market capitalization of over $1.18 trillion to date.
Amidst a bullish trend, XRP, the sixth-largest cryptocurrency according to CoinMarketCap, rallied nearly 25% on Tuesday, March 21. However at the time of writing, the XRP price is sitting at $0.443 with a 5.58% intraday loss against the USDT pair.
XRP investors have seen a steady decline in the coin price since late September 2022, and the price increase over the past 24 hours brings hope for positive sentiment.
XRP price moved above a long-term declining trend line as well as a falling wedge pattern on the daily time frame. A 310% increase in trading volume over the past 24 hours indicates aggressive buying in XRP.
The ongoing positive news drives the XRP crypto price up. Now XRP investors hope SEC allegations can be denied in Ripple vs. SEC Battle.