Volatility is all around the crypto market. Ripple has been struggling over the last few days. [XRP]. The weekend prior saw the crypto currency drop by 10%. After a decline of 0.70% per day, the XRP price was $0.4348 when this post went to press. This asset is still struggling to get up to $0.50. According to some, July is going to be the best month ever for this asset. Can the current trend in the market interfere with a possible upwards swing?
Changelly predicts that XRP will experience a surge of double digits throughout the entire week. This altcoin is not only expected to reach the $0.50 level, but will also hit a maximum of $0.592910 by later in this week. After a surge of 35 percent from the current level, this will be achieved. XRP’s price is predicted to be around $0.518407 on July 15, 2024.
Also Read: 2025 Ushers In New Collaborations For XRP: Will Ripple Claim $2 Soon?
Ripple [XRP] Increase in User Activity Records
According to the on-chain, 2.3 millions successful transactions took place on the XRP Ledger July 8th. statistics. Comparing this to 2 million transaction the day prior, it represents a 15 percent increase. The last time the total number of transactions in a day was this high, it happened on February 16. This month, there has been an increase in the demand for decentralized public Blockchain. Since July 1, the number of transactions per day on the blockchain has increased 97%.
The rise in XRP suggests that people are actively using the network. This could also mean that Ripple is being used by more people. It can be done personally, or via financial institutions.
Also Read: Ripple: Analyst Says XRP is an Asset That Can Replace the US Dollar
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Source: watcher.guru
