Altcoin News- SXP is showing massive bullish intent with a massive rise in trading price.
- XRP has a notable decline in its trading volume.
In the last seven days, the Solar Network’s token, SXP, has become the most profitable asset in the crypto market among the top 100 cryptocurrencies by market capitalization. The price of SXP has risen more than 200% and reached its highest value since May 2022.
At the time of writing, the trading price of SXP is $0.8159, with a 28.46% price surge in the last 24 hours indicating the strong bullish intent. In the past seven days, the trading price of SXP has increased by nearly 240% according to CoinMarketCap.
Moreover, the massive rise in the SXP price went along with the increase in the volumes of key crypto exchanges in South Korea. The pattern is similar to the XRP price surge in early March.
A strong trading volume helped the SXP price break through its secondary resistance. And now, it is moving upward with the support of active buyers in the market. If the buyers continue to support it, then the value of the token may go even higher.
On the other hand, XRP lost some ground in the Korean crypto space. There was a notable drop in XRP trading volume after its price peak.
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Source: https://thenewscrypto.com/sxp-on-its-strong-bullish-intent-and-striking-to-reach-1/