The price of XRP saw a 55% breakout over the past two days as the sixth-ranked cryptocurrency by market capitalization has renewed its focus on the creation of a cross-border payment network that is inclusive and sustainable.
Data from Cointelegraph Markets and TradingView shows that XRP dropped to a low of $0.566 in the early hours on April 4 before a wave of trading volume helped lift its price to a high of $0.877 within the last few hours.
The uptick in trading volume was sparked after Ripple posted a blog titled “Creating a More Financially Inclusive and Sustainable Future” that discussed how the project has partnered with “mission-driven financial technology companies, leading universities, NGOs, foundations and social entrepreneurs to create greater economic fairness and opportunity for all.”
A second wave of buying took place on April 5 after Ripple posted the following announcement detailing its most recent acquisition designed to enhance its cross-border payment capabilities:
— Ripple (@Ripple) April 5, 2021
Combined, these recent announcements have led to a 257% increase in XRP trading volume over the past two days, from an average 24-hour volume of $5 billion on April 4 to $18.4 billion traded on April 5.
While this rally caught many traders by surprise, VORTECS™ data from Source…