Saturday, October 23, 2021
Home Crypto News Market 30 Days Average of Tweets Mentioning XRP Increased By 152%

30 Days Average of Tweets Mentioning XRP Increased By 152%

- Advertisement -

Whether Bitcoin (BTC), Ethereum (ETH), or Ripple (XRP), the crypto market hurries from lows to highs. Yesterday, the BTC price hit the $ 22,000 mark, increasing by almost 20% in one day. At the same time, Ripple reached 0.60 USD which is growth of over 25%. Can the XRP price continue to rise?

Ripple (XRP) is one of the 24h winners.

Anyone who has invested in cryptocurrencies is looking forward to crypto prices.

Bitcoin has never been above the 23,000 US Dollar mark. And, XRP was able to make up good gains in the last 24 hours. After the price drop of XRP, which resulted from the Spark Token AirDrop, Now Ripple is one of the past 24 hours’ top winners.

XRP price bounced off the 0.45 US dollar support line and hurried towards the 0.60 USD.

The support line that held the XRP price at 0.45 US dollars was significant support. Those who have Ripple wonder if another price outbreak is possible.

For this purpose, we look at the opinion of Crypto analysts MagicPoopCannon.

He expects a strong Performance from XRP, provided that the overall market maintains its Momentum.

His opinions on Twitter were as follows. 

XRP was the only top 10 cryptocurrencies with a negative Performance in the last seven days. While this may sound negative, But we saw a very healthy rally to 0.558, this strong demonstration may lead us to 0.90 USD. Ripple could explode further if the overall market continues to rise.

Now one must first note that the statement has an “if condition.”

An increase in an asset price with an increase in the overall market is self-evident. But if you buy a cryptocurrency that does not rise when the overall market grows, you have probably made the wrong choice.

The decisive question is whether Ripple can outperform the overall market. If this is true, Ripple Investors have made the right choice.

Investors can likely expect a further price increase of Ripple if Bitcoin can maintain its Momentum.

Overall interest and demand for Ripple have increased significantly within the Spark Token AirDrop. The following data from crypto broker eToro shows, the 30-day average of Tweets mentioning XRP increased by 152%.

 

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Transient Raises $1.2 Million in IDO Public Sale to Build the Amazon of Smart Contracts

Tortola, British Virgin Islands, 22nd October, 2021, Transient Network, a Smart Contract Global Marketplace, is thrilled to announce that it has raised $1.2 million...

Binance Smart Chain Is Bringing Fee-Burning Mechanism Like Ethereum

The Binance Smart Chain (BSC) has published a proposal to improve the BEP-95 ecosystem, This new mechanism will be similar to the Ethereum chain...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.