{"id":652843,"date":"2024-11-13T12:30:14","date_gmt":"2024-11-13T12:30:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=652843"},"modified":"2024-11-13T07:41:42","modified_gmt":"2024-11-13T07:41:42","slug":"xrp-surges-to-0-74-highest-price-mid-march","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/xrp-news\/xrp-surges-to-0-74-highest-price-mid-march\/","title":{"rendered":"XRP Surges To $0.74, Reaching Its Highest Price Since Mid-March: Here’s Why"},"content":{"rendered":"
Over the past nine days, XRP has experienced a significant rally, climbing from $0.4957 on November 4 to a peak of $0.7407 today on Binance\u2014a surge of over 50% at one point. Approximately 30% of this ascent occurred within the last 48 hours. However, following this rapid rise, XRP saw a sharp correction, retreating by -12% to $0.65 as of press time. These are the key reasons for the rally:<\/p>\n
One of the primary drivers behind the XRP price surge appears to be heightened social media activity and shifts in funding rates. On-chain analytics firm Santiment noted<\/a> via X that the XRP community “has erupted with excitement and discussions related to crypto’s #7 market cap,” with over 4% of all coin discussions currently related to XRP following its 45% breakout over an eight-day span.<\/p>\n The firm emphasized that surpassing $0.74, XRP’s year-high back in March, will largely depend on \u201cFOMO staying at bay, and funding rates on large exchanges like Binance not getting too weighed down by longs.\u201d<\/p>\n