Asian Market Bulls Drive Ripple’s XRP with 30-Day Volume Dominance ⋆ ZyCrypto

Ripple's XRP Could Soon Make its Way Back to Most Crypto Exchanges. Here's Why

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Fresh market data has revealed that market players currently have a positive outlook for Ripple’s native token XRP. The growing confidence in the third most valued altcoin by market cap was recorded just as trading activity soared amongst investors and traders in the Asian crypto market; the near-term outlook reads positive for XRP.

According to data from MarketProphet, an AI social media aggregator, the sentiment for XRP is bullish amongst the crypto crowd. The positive outlook carries through into the AI model’s smart money sentiment.

Per the tool’s data, XRP has also emerged as the 8th cryptocurrency with the largest social awareness amongst investors and traders alike.

Asian bulls drive XRP to the number one spot

The positive crowd sentiment recorded coincides with the awakening of Asian XRP bulls. As observed by analyst XForceGlobal, the Asian crypto market has experienced a significant surge in the trading volume of XRP/KRW pairs.

Trading volume has remarkably remained in the number 1 spot for 30 consecutive days, further suggesting increased demand from Asian traders. Analyst XForceGlobal has received the new development as a sign that the Aduan market could be gearing up to boost XRP’s price action while the Western market stalls behind. 

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Strengthening the bullish sentiment even further, another analyst, Ali Charts, has noted XRP’s breakout from a bullish flag on the weekly chart. The analyst asserts that XRP is targeting $11 as a long-term attainable bullish price. At press time, XRP is valued at $3.18 per token.



Source: https://zycrypto.com/asian-market-bulls-drive-ripples-xrp-with-30-day-volume-dominance/