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XRP Price Prediction: What to Expect in the Next 48 Hours

Published 21/07/2023, 13:34
XRP Price Prediction: What to Expect in the Next 48 Hours
XRP/USD
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  • Ripple’s CTO tweeted this morning that XRP’s trading volume as a percentage of its market cap is 4 times that of BTC.

  • The price of XRP dropped 0.62% over the past 24 hours to trade at $0.78 at press time.

  • Technicals suggested that XRP may drop below the $0.7660 support in the next 48 hours.

The CTO of Ripple, David Schwartz, shared in a tweet this morning that the trading volume for Ripple (XRP) as a percentage of its market cap is four times higher than that of Bitcoin’s. He questioned whether or not this was a positive metric to take note of.

Meanwhile, data from Lookonchain showed that an XRP whale moved 563,571 XRP tokens, valued at $462,000, from Binance in the past few days. Notably, this particular whale has withdrawn a total of two million XRP tokens, worth $1.66 million, from the exchange platform. As a result of this move, the whale has made an unrealized profit of approximately $640,000, with an average withdrawal price of $0.51.

While th…

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