XRP price rallies 91% in a month due to 3 fundamental factors By Cointelegraph


XRP price rallies 91% in a month due to 3 fundamental factors

In the past month, the price of XRP rallied 91% as the digital asset at last found some spark and is now playing catch up with (BTC) and Ether (ETH). The likely catalysts for the XRP rally are the rise in unique addresses, buybacks from , and the possibility of a new product realease.

weekly chart. Source: TradingView.com

On-chain data can be useful for depicting the overall sentiment around a cryptocurrency as it accurately reflects the activity taking place in the blockchain.

Spike in XRP daily addresses. Source: Santiment

Ripple buybacks could be driving XRP price higher