Ripple XRP/USD price advanced over 10% during the last 24 hours, as XRP continue to gain positive price momentum.
As a result, XRP continue to increase its market cap, which is up over the $57 Billion price level; representing almost 3% of total crypto market. Still XRP is trading well below 2018 highs when its market cap was over $83 Billion Dollar.
In an addition, we see increase in XRP trading volume, showing rising interest by investors; total volume represented over 6% of total crypto market.
Looking at the chart we can see XRP/USD is trading at 1.2899 price level, just below 1.35 last price resistance level (Aug 15). We continue to be bullish on XRP/USD and believe that in the long term we will see XRP moving back above Apr $2.0 price level. In the short term we can see an immediate price target of $1.40 (over 8% above current price).
