XRP Price joins the list of cryptographic tokens that have managed to train new ATHS for the second time this year. Located at $ 3.44 at the time of writing the time of the editorial staff, with a market capitalization of $ 202 billion, Altcoin is now aimed at reaching the next target.
New XRP investors lead the rally
XRP experienced significant growth in the network, reaching a six -month summit. This growth is measured by the number of new addresses that join the network and carry out transactions.
The growth in network growth shows that Altcoin is gaining ground on the market.
The recent increase in new addresses shows that more investors pay money into XRP, probably motivated by the fear of missing (Fomo).
As more and more people enter the market, the network becomes stronger and the demand for XRP increases, contributing more to the increase in altcoin prices.
Will the XRP price continue to increase
XRP is currently negotiated at $ 3.44, marking a new summit of all time (ATH) after more than six months. The thrust can be allocated to several factors, including the wider market and the increased institutional interest for XRP.
In addition to institutional support, XRP has received significant support from retail investors. This led XRP to even exceed Tether (USDT) to become the third largest cryptocurrency by market capitalization ($ 202 billion) in the world.
The next key target for XRP is to rape the $ 3.80 bar. If XRP manages to secure this level as a support, it will probably increase towards the $ 4.00 range, continuing its momentum upwards.
However, if investors decide to withdraw as a result of ATH from Altcoin, the price could face a correction. The profit potential for profit is high, especially after such a long wait.
If this happens, XRP could fall at around $ 3.00, testing its support levels. A fall less than $ 3.00 would invalidate the upward thesis, signaling a possible reversal or consolidation.
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