- The price of Ripple (XRP) recorded a slight uptick of 0.65% to trade at $0.6047 at press time.
- XRP has been trading in a positive price channel for the past few days and may break above $0.6235 soon.
- Technical indicators on XRP’s daily chart suggested that its price may undergo a correction soon.
Ripple’s CEO Brad Garlinghouse recently put the spotlight on the performance of XRP Ledger’s decentralized exchange (DEX) platform following its substantial growth in the third quarter of this year. According to Garlinghouse, the platform recorded a threefold increase in its trading volume on a quarter-over-quarter basis.
As shared in Q2, our XRP Markets Reports now look a bit different than before. On the plus side, our markets team gives new insight into XRP/L activity they track including daily spot & DEX trading volume (3x growth QoQ!): https://t.co/nfsDGl79HU— Brad Garlinghouse (@bgarlinghouse) November 1, 2023
XRP Current Market Standing
Ripple (XRP) is ranked as the fifth biggest cryptocurrency based on its market cap, according to CoinMarketCap. It experienced a 0.65% increase in price over the last 24 hours, taking its price up to $0.6047 at pr…
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