{"id":557621,"date":"2023-10-26T08:30:26","date_gmt":"2023-10-26T08:30:26","guid":{"rendered":"https:\/\/wncen.com\/?p=557621"},"modified":"2024-06-11T11:44:22","modified_gmt":"2024-06-11T11:44:22","slug":"xrp-shines-bright-14-weekly-gains","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-shines-bright-14-weekly-gains\/","title":{"rendered":"XRP Shines Bright: 14% Weekly Gains And New Highs After August Dip"},"content":{"rendered":"

XRP has demonstrated its resilience in the volatile world of digital assets. This week, XRP investors and enthusiasts have ample reasons to celebrate as the coin saw an impressive surge of 14.2% in its price over the past seven days, bringing it to a notable high after its last dip in August.\u00a0<\/span><\/p>\n

This remarkable surge highlights the cryptocurrency’s ability to experience significant price movements within a relatively short timeframe. The upward trajectory of XRP’s price over the past week suggests an increase in investor interest or positive market sentiment, which has driven its value to levels higher than what was observed just seven days ago. At the time of writing, <\/span>XRP is trading<\/span><\/a> at $0.559841, with a modest 0.2% loss over the past 24 hours.<\/span><\/p>\n

One of the most significant indicators of XRP’s current performance is the overwhelming interest from buyers rather than sellers. The Volume Delta metric cited in a <\/span>price analysis<\/span><\/a> in highlights this trend vividly. <\/span><\/p>\n

Volume Delta essentially measures the difference between buying and selling pressure in the market, serving as a valuable gauge for traders seeking to make informed decisions. In the case of XRP, this metric is painting a positive picture as buying sentiment dominates, giving traders the confidence to enter long positions.<\/span><\/p>\n

This surge in buying interest suggests that investors have renewed faith in the coin’s potential, as the coin has rebounded from the lows witnessed in the past. With growing adoption and an increasing number of use cases for XRP, it’s no surprise that the cryptocurrency is attracting a substantial inflow of funds.<\/span><\/p>\n

Related Reading: Bitcoin Price Sprint To $40,000 \u2013 Is It Happening Now?<\/a><\/div>\n

Large XRP Transfer To Bitstamp Sparks Intrigue<\/strong><\/h2>\n

Meanwhile, in the world of cryptocurrency transactions, a noteworthy event has piqued the interest of the XRP community. In the last 24 hours, an anonymous wallet executed a substantial transfer of 26,800,000 XRP to the major EU-based exchange, Bitstamp. This sizeable <\/span>movement of XRP tokens<\/span><\/a> has raised questions and fueled speculation within the crypto community.<\/span><\/p>\n

Data provided by the XRP explorer, Bithomp, has shed some light on the sender’s identity, revealing a connection to Ripple Labs, a blockchain decacorn known for its involvement in the development and promotion of the token’s ecosystem. This significant transfer underscores the confidence in its future, as well as the growing influence of Ripple Labs within the cryptocurrency space.<\/span><\/p>\n

Related Reading: Solana Epic Bounceback To Pre-FTX Heights: Brace Yourself For What\u2019s Next<\/a><\/div>\n
XRP market cap currently at $29.798 billion. Chart: TradingView.com<\/a><\/pre>\n
XRP’s Resurgence Indicates Positive Market Sentiment<\/strong><\/h2>\n
The crypto’s recent performance showcases its ability to rebound from challenging times and regain investor confidence. With a notable surge in price over the past week, XRP has demonstrated its potential to shine in the competitive world of cryptocurrencies. The dominance of buying sentiment, as indicated by the Volume Delta metric, hints at a positive market outlook for XRP.<\/span><\/p>\n
Furthermore, the substantial transfer to Bitstamp, likely orchestrated by Ripple Labs, adds an intriguing layer to the narrative, emphasizing the ongoing commitment of key players to the success of XRP and the broader blockchain ecosystem. <\/span><\/p>\n
As XRP continues to carve its path in the digital asset landscape, investors and enthusiasts eagerly await further developments, making this cryptocurrency a compelling one to watch in the coming weeks and months.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from\u00a0 FX Empire<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
XRP has demonstrated its resilience in the volatile world of digital assets. This week, XRP investors and enthusiasts have ample reasons to celebrate as the coin saw an impressive surge of 14.2% in its price over the past seven days, bringing it to a notable high after its last dip in August.\u00a0 This remarkable surge highlights the cryptocurrency’s ability to experience significant price movements within a relatively short timeframe. The upward trajectory of XRP’s price over the past week suggests an increase in investor interest or positive market sentiment, which has driven its value to levels higher than what was observed just seven days ago. At the time of writing, XRP is trading at $0.559841, with a modest 0.2% loss over the past 24 hours. One of the most significant indicators of XRP’s current performance is the overwhelming interest from buyers rather than sellers. The Volume Delta metric cited in a price analysis in highlights this trend vividly. Volume Delta essentially measures the difference between buying and selling pressure in the market, serving as a valuable gauge for traders seeking to make informed decisions. In the case of XRP, this metric is painting a positive picture as buying sentiment dominates, giving traders the confidence to enter long positions. This surge in buying interest suggests that investors have renewed faith in the coin’s potential, as the coin has rebounded from the lows witnessed in the past. With growing adoption and an increasing number of use cases for XRP, it’s no surprise that the cryptocurrency is attracting a substantial inflow of funds. Related Reading: Bitcoin Price Sprint To $40,000 \u2013 Is It Happening Now? Large XRP Transfer To Bitstamp Sparks Intrigue Meanwhile, in the world of cryptocurrency transactions, a noteworthy event has piqued the interest of the XRP community. In the last 24 hours, an anonymous wallet executed a substantial transfer of 26,800,000 XRP to the major EU-based exchange, Bitstamp. This sizeable movement of XRP tokens has raised questions and fueled speculation within the crypto community. Data provided by the XRP explorer, Bithomp, has shed some light on the sender’s identity, revealing a connection to Ripple Labs, a blockchain decacorn known for its involvement in the development and promotion of the token’s ecosystem. This significant transfer underscores the confidence in its future, as well as the growing influence of Ripple Labs within the cryptocurrency space. Related Reading: Solana Epic Bounceback To Pre-FTX Heights: Brace Yourself For What\u2019s Next XRP market cap currently at $29.798 billion. Chart: TradingView.com XRP’s Resurgence Indicates Positive Market Sentiment The crypto’s recent performance showcases its ability to rebound from challenging times and regain investor confidence. With a notable surge in price over the past week, XRP has demonstrated its potential to shine in the competitive world of cryptocurrencies. The dominance of buying sentiment, as indicated by the Volume Delta metric, hints at a positive market outlook for XRP. Furthermore, the substantial transfer to Bitstamp, likely orchestrated by Ripple Labs, adds an intriguing layer to the narrative, emphasizing the ongoing commitment of key players to the success of XRP and the broader blockchain ecosystem. As XRP continues to carve its path in the digital asset landscape, investors and enthusiasts eagerly await further developments, making this cryptocurrency a compelling one to watch in the coming weeks and months. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from\u00a0 FX Empire<\/p>\n","protected":false},"author":557,"featured_media":557625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894,89561],"tags":[142,1144,8686,4735,4531],"class_list":["post-557621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","category-xrp-news","tag-altcoins","tag-btcusd","tag-ethusd","tag-price-action","tag-xrp"],"acf":[],"yoast_head":"\nXRP Shines: 14% Weekly Gains And New Highs After August Dip<\/title>\n<meta name=\"description\" content=\"XRP has demonstrated its resilience in the volatile world of digital assets. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Shines Bright: 14% Weekly Gains And New Highs After August Dip","url":"http:\/\/wncen.com\/news\/ripple\/xrp-shines-bright-14-weekly-gains\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-shines-bright-14-weekly-gains\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/a-109.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/a-109.png?fit=399%2C269"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","ethusd","price action","xrp"],"dateCreated":"2023-10-26T08:30:26Z","datePublished":"2023-10-26T08:30:26Z","dateModified":"2024-06-11T11:44:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Shines Bright: 14% Weekly Gains And New Highs After August Dip\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-shines-bright-14-weekly-gains\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-shines-bright-14-weekly-gains\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/a-109.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/a-109.png?fit=399%2C269\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"ethusd\",\"price action\",\"xrp\"],\"dateCreated\":\"2023-10-26T08:30:26Z\",\"datePublished\":\"2023-10-26T08:30:26Z\",\"dateModified\":\"2024-06-11T11:44:22Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/a-109.png?fit=399%2C269","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/557621"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=557621"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/557621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/557625"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=557621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=557621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=557621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}