Ripple (XRP) surges to three month high as Crypto market rebounds

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Last Updated on 30 July 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Although the crypto market has found relative calm after the accelerated rise in the price of Bitcoin (BTC).

Ripple (XRP) seems to have joined the crypto market party late and takes a 10% jump that almost took it to the moon, figuratively.

The cross-border cryptocurrency may have been late to the bullish run going on with BTC riding above $11k. However its latest move sees its holders delighted. 

In the last 24 hours the price of Ripple (XRP) has reached its highest levels since the start of March. 

This is a welcome relief for the coin after more than 2 months in the market with its volatility at its lowest levels. During this period XRP did not attract interest, but now the crypto becomes valuable again. 

At the time of writing, XRP is valued at $0.243853 according to Coinpaprika, up 21% over the past week and 37% over the past month, making it one of the top performers in the short term.

One interesting trend is that XRP looks like it could utilize this short bullish trend to make a push for the $0.28 barrier. 

With Ripple continuing to add more partners to it’s Ripplenet it is expected that the price of the coin can continue to spike in the nearest future.

Advertentie.

Bitcoin is the crypto that will always stay alive

Changpeng Zhao pointed out through his Twitter account today a reality of the crypto market. Although cryptos are now on the rise, at some point the rally will stop.

It is not a bad day for 2020! There will be a pullback at some point, and people will yell “bitcoin is dead” again.

He wrote on Twitter.

In this sense, Zhao knows very well that the Bitcoin price and the rest of the cryptos are going to drop soon and that will once again flood the market with pessimism. 

However, the cryptocurrency market is alive and will continue to be.

Augur announces its Version 2

Finally, after a long waiting period, Augur has finally announced today through his website the new V2, in which there are substantial changes.

In fact, the Augur V2 update comes five years after the crypto project launched in 2015. 

In this sense, the new version has new tools that improve stability and control for users who use it.