$13 Billion Traded in A Day! Ripple Coin Is Back, Folks

On Jul 14, 2023

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XRP, the Ripple Coin, has made a comeback with over $13 billion traded in a day, thanks to its landmark victory against the SEC.

The win has led XRP to go on another bullish rally, pushing cryptos to also move up in the price charts.

Ripple Coin Goes Up by More than 65% in a Day

We have not come across a major crypto asset witnessing a high double-digit gain until now – Ripple Coin (XRP) is the first.

Over the past 24 hours, the token has gone up by more than 65% and is currently priced at $0.7772. The token went up by 30% within moments of the court’s ruling in Ripple’s favor. With the recent surge, the token is now trading far above its consolidation mark – $0.47.

JUST IN: Ripple $XRP soars 30% after US judge rules it’s not a security. pic.twitter.com/dQsCt5o8DF
— Watcher.Guru (@WatcherGuru) July 13, 2023

CoinMarketcap shows that the token has accumulated a trading volume of more than $13 billion within the last 24 hours. And with its current market capitalization of $40.7 billion, the Ripple Coin is currently ranked the 4th biggest cryptocurrency after flipping BNB for the first time in two years.

Coinbase Relists XRP

The US court ruled that the Ripple Labs token is not a security when it is being sold to the public. That announcement brought Ripple the landmark victory that could prove beneficial for the entire crypto community.

The immediate reaction to the win hasn’t only been on the listing charts. Nine months after removing XRP from its charts, Coinbase has reinstated it following the recent win.

The world’s fifth-biggest cryptocurrency exchange by daily trading volume made this announcement on Twitter, congratulating the Ripple team and the entire crypto community.

W.
W for @ripple.
W for the industry.
W for the builders.
W for a clear rulebook.
W for updating the system.
Oh, and XRP is now open for trading.
— Coinbase 🛡️ (@coinbase) July 13, 2023

After Coinbase, Paul Grewal tweeted that after reading Judge Torre’s thoughtful decision and carefully analyzing the judgment, Kraken will also relist XRP.

We’ve read Judge Torres’ thoughtful decision. We’ve carefully reviewed our analysis. It’s time to relist. https://t.co/dA70ucccgw
— paulgrewal.eth (@iampaulgrewal) July 13, 2023

There is no news about whether other exchanges that delisted XRP amidst Ripple’s battle against SEC would do the same.

Ripple Coin (XRP) Price Analysis

XRP has gone up by 210% from its 2022 low, getting it slightly closer to its all-time high level.

The token’s performance last year has been heavily volatile, thanks to its turbulent case against SEC. Hopes for good judgment pushed the token up, and news of delays in court hearings pushed the XRP price down.

XRP opened in 2023 at $0.34 and soon pumped to $0.43 after Bitcoin gained more support. As Bitcoin continued to rally, XRP traded inside volatile zones. The token then went through a prolonged period of extreme volatility when SEC filed cases against major cryptocurrency exchanges.

But that indicated that bulls and bears were engaged in a tug of war, trying to find the right balance for this asset.

At press time, the token is trading at $0.77, with the Fib Retracement chart showing that XRP must move up by more than 60% in order to test its all-time high.

XRP’s RSI is currently 81, putting it in the oversold zone, which indicates a positive sentiment around this asset. The same goes for its above-zero MACD histogram, which is currently at 0.03.

While the recent surge is good news, the indicators are showing that a retrace – minor or major – might be coming soon once the current excitement subsides.

Alternative to XRP – Launchpad XYZ

Launchpad XYZ (LPX) is gaining momentum in its presale. With over $1.1 million already raised, this Web 3 crypto is close to concluding its presale.

Launchpad XYZ is an all-in-one platform that encompasses every element of the blockchain under one roof. It calls it “all of web3 in one place.”

For beginners, it has a training module to help them maximize their profit-earning potential. Other unique trading tools include trading edge, a token that gives investors an edge with tailored indicators and expert assistance.

Other utilities cover NFTs, fractionalized assets, P2R hubs, trading terminals, Web 3 wallet, and presale analysis for the upcoming Web 3 projects.

Launchpad XYZ ranks the potential project using Launchpad Quotient. This unique metric takes more than 400 indicators to rank an asset’s potential for growth. During its presale launch, many crypto experts billed Launchpad XYZ as the potential 10x crypto.

Another one of its biggest utilities is AI-powered insights, that, according to a recent Twitter post, is favored by the majority of Launchpad’s crypto community.

GM #Launchpadders 😎☕️
Which #LaunchpadXYZ feature do you think will be your biggest moneymaker?
Cast your vote and share your thoughts! ⤵️$BTC $ETH $SOL #Web3 #Trade #Altcoins
— Launchpad.xyz (@launchpadlpx) July 13, 2023

Launchpad XYZ is the exact type of project that could have major upsides thanks to its future-forward technologies. Those interested in this project can visit launchpad.xyz to participate in the presale.