XRP continues its bullish rally with price nearing $1.20

The Ripple token, XRP, has been on a week-long rally as the price inches closer and closer to $1.20. The XRP token has soared by nearly 10% in the past 24 hours.

According to data from crypto.news, Ripplexrp6.76%XRP continues to ride the high wave as it soars by 9.49% in the past 24 hours. At the time of writing, the token is currently trading hands at $1.17. Since early November, the XRP token has been steadily climbing up until it reached $1.19 on Nov. 17.

In the past seven days, Ripple’s native token has gone up by 101.94%. Meanwhile, in the past month the token has shot up by 114.33%.

XRP is ranked at number 6 on the cryptocurrency leader board, with a market cap of $66.5 billion. The token has a fully diluted valuation of more than $116 billion and a current circulating supply of nearly $100 billion.

XRP price chart in the past month of trading, November 18, 2024 | Source: crypto.news

XRP has been one of many major cryptocurrencies experiencing a rally on the heels of Bitcoin’s explosive rise to new all-time highs almost every week. One crypto analyst on X with the username @Cryptoinsightuk predicted that XRP “looks ready to erupt” in the middle of the ongoing rally.

https://crypto.news/xrp-continues-its-bullish-rally-with-price-nearing-1-20/

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