An old project in the crypto market and this point did not perform well in the last Bulldog cycle because of the SEC lawsuit. Now this project has won this lawsuit partially and this was announced last year. Now looks like things are better in this project and recently we have seen a significant surge of 80% in trading volume. Do you think it can be a sign that XRP coin can reach its all-time high?
XRP witnessed a surge earlier in the week which saw it breaking out of a 6-year-long symmetrical triangle, prompting analysts to anticipate a continued price surge.
Let's have a look at the below chart where you will see that xrp has grown up in sums of its price value. This chart is also showing that the price for this coin was at bottom in Feb month but March showed a pretty good growth however that is not so good but it still can be a good signal that can lead the price go further upside.
Despite the fact it was targeted by the sec, the value did not lose much of its market capitalization and hopefully, in the next market cycle, we are going to see much more in this. Although I can't see any latest update on the development side I have heard sometime back that the XRP team is trying to build something fantastic and hopefully, this will be revealed this year which can be a game-changer move if it happens.
The spike in trading volume means more people are trading at Sarpy and you never know if this can turn out to be a reason for the price appreciation and we can also expect a new all-time high for xrp in this cycle. I am one of the investors in XRP and have been holding this coin for a long time so hoping that it can turn out to be a better investment for me in the coming bull run cycle.
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