XRP’s price has risen 38% since lows reached during the Feb. 6 crash. The bitcoin-beating rally follows an exodus of coins from Binance, a sign of accumulation following the price crash. XRP’s price has rallied 38% to $1.55 since hitting a low on Feb. 6, according to CoinDesk data. The price has jumped by more than 5% in the past 24 hours alone.
XRP’s bitcoin-beating rally tracks signs of dip-buying on Binance following the crash. Analysts typically associate a drop in exchange balances with investor accumulation.
XRP’s price has risen 38% since the Feb. 6 crash lows, outperforming Bitcoin and Ether as investors pile into the asset. The bitcoin-beating rally follows an exodus of coins from Binance, a sign of accumulation after the price crash. XRP’s price has rallied to about $1.55, up 38% from the low, according to CoinDesk data.
The move has added more than 5% in value over the past 24 hours alone. The rally tracks signs of dip-buying on Binance following the crash, with analysts noting that a drop in exchange balances is typically associated with investor accumulation. This dynamic underscores a shift in investor sentiment as traders seek bargains amid heightened volatility. As XRP leads gains among top cryptos, market watchers will monitor whether the trend can sustain against Bitcoin and Ethereum.
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