The prices of most cryptocurrencies followed the lead of Bitcoin, however, XRP surged on July 7. Many on social media speculated that the reason was American Express’ mention of Ripple and XRP. Within the past hour, the third largest coin surged by over 4% in an hour. XRP had been seeing a sideways movement for a long time, this sudden surge in its price motivated the community and provided the coin with the required momentum.

Source: Trading view

Source: Trading view

At press time, XRP was valued at $0.4005 with a market cap of $16.79 billion. The price of the coin noted a sudden surge of 7.79% on July 6 and was seen going through a correction phase; however, the coin pushed the bears away for now, as it surged by $.03% in an hour as the 24-hour trading volume was noted to be $1.60 billion. In the past seven days, XRP plunged by 6.75% but reversed the trend in the past day as it noted 2.45% growth.

The coin was highly traded on with XRP/USDT pair as it noted a 24-hour trading volume of $129 million. HitBTC followed, as it noted a volume of $114 million with XRP/BTC pair. The third place was taken by Bitker that reported a trading volume of $82 million with XRP/USDT pair.

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Namrata Shukla

Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

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