XRP market value surge warning: A $3 trillion wave is about to hit?
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Over at CoinChapter.com in Nairobi, analysts stirred up a storm over XRP’s market capitalization. They boldly predict that this cryptocurrency star may soar until it reaches a staggering market value of US$3 trillion! This prediction is not groundless, and the authoritative data of EGRAG Crypto provides solid support for this assertion.
Currently, XRP is standing at a critical moment in the "white channel", where huge room for market value growth is hidden. Once it breaks through, its market value may soar like a rocket. According to data, the market value at the midpoint of the channel is as high as US$100 billion, and the upper limit is almost US$287 billion!
The market's reaction says it all. In the past 24 hours, XRP’s spot market trading volume has surged to $794 million, and coupled with perpetual futures trading volume, the total trading volume is as high as $1.4 billion! The significant increase in price echoed the increase in trading activity, with XRP peaking at $0.5196, with only a minor correction.
The XRP ecosystem in the first quarter of 2024 has shown amazing vitality. The payment volume increased by 350% month-on-month, up to 2 million transactions per day, and the inscription activity was indispensable. At the same time, the emergence of AMM, the growth of DEX trading volume, and the upcoming stable currency have brought new opportunities and challenges to XRP. What’s more worth mentioning is that the rippled 2.0 version released by Ripple brings major enhancements such as cross-chain bridges and decentralized identifiers, further improving the functionality and security of the network.
The potential and uniqueness of XRP have been widely recognized by the market. Can this cryptocurrency star really reach a $3 trillion market cap? All this is still unknown, but the market's enthusiasm and expectations are enough for us to wait and see.
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