Finbold 2025-04-23 14:43:43

XRP to the moon? XRP adds $9 billion in a day

Summary: ⚈ XRP added $9 billion in 24 hours, reaching $2.27 per token. ⚈ Strong momentum suggests XRP may soon break key resistance levels. ⚈ Market shifts and Trump policies could stall XRP’s upward trajectory. Although it took nearly 48 hours to catch up with Bitcoin ( BTC ), XRP entered a powerful rally on April 22, soaring 7.75% over the last seven days and, perhaps even more impressively, 6.52% over the last 24 hours. With a press time price of $2.27, the token has also achieved a market capitalization of $132.57 billion, meaning it has added nearly $9 billion within the 24-hour period, according to data Finbold retrieved from CoinMarketCap on April 23. XRP 24-hour market cap chart. Source: CoinMarketCap Considering the upward momentum, XRP appears poised to break through its current key resistance levels – the nearest of which lies at $2.28 – and reclaim its previous 2025 highs, though the further roadblocks near $2.34 and $2.44 could prove harder to overcome. The token’s performance is further bolstered by the prevailing cryptocurrency market tailwinds, which have also seen Bitcoin soar past $90,000 and stabilize above $93,000 after rejecting highs over $95,000 earlier on April 23. Why XRP might not rocket to the moon Simultaneously, XRP’s journey to the moon may not be guaranteed due to unexpected external developments, as President Donald Trump’s rumored decision to slash tariffs on China led the stock market to open overwhelmingly in the green. S&P 500 heatmap after the April 23 morning bell. Source: Finviz Bitcoin’s latest rally – a move that, arguably, facilitated XRP’s surge above $2.20 – itself came as BTC’s realignment from mirroring the stock market’s performance to trading more like gold . Under the circumstances and given the triple phenomenon of the commodity retracing sharply after hitting $3,500, Bitcoin correcting after crossing above $95,000, and XRP’s pivot after touching $2.29, it is possible that the digital asset’s rally will be sapped by corporate equity’s upswing. XRP one-week price chart. Source: Finbold In late 2024, Donald Trump’s reelection proved a bullish catalyst for the vast majority of assets and a bearish driver for gold as investors saw their risk appetites increase, though the April 2025 move might be less pronounced due to the prevailing economic uncertainty and the White House’s unpredictability. Featured image via Shutterstock The post XRP to the moon? XRP adds $9 billion in a day appeared first on Finbold .

Related News

Crypto users cool with AI dabbling with their port...
24 Apr 2025
‘I’m sick’ — Scammers use AI, fake ID of crypto in...
24 Apr 2025
Whale Increases BTC Position: Transfers $5M USDC t...
24 Apr 2025
OpenAI GPT-4.1: Alarming Misalignment Concerns Eme...
24 Apr 2025
LAPD Seizes $2.7 Million in Bitcoin Mining Rigs Al...
24 Apr 2025
LAPD recovers $2.7M worth of Bitcoin miners stolen...
24 Apr 2025

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

XRP to the moon? XRP adds $9 billion in a day

Most Read News

Related News