XRP rises by 12%, outperforming top 10 as crypto market recovers

According to CoinMarketCap, the XRP price is up more than 12% in the last 24 hours, outperforming the rest of the top 10 largest cryptocurrencies by market capitalization. The price of XRP drifted sideways for a while as investors and market participants awaited proof that markets were ready to shake off the negative effects of January. However, the price resumed an upward rise on Feb. 4 and has surged more than 28% since then.

At the time of publication, XRP trades at $0.767 after reaching highs of $0.775 earlier. U.Today earlier reported XRP having a negative average MVRV level since late June, as per Santiment data. This key metric was last in positive territory in mid-December, according to the on-chain analytics firm, making XRP a strong candidate for a price increase to provide traders with some comfort.

Keep reading