What is the Likelihood of Ripple Exiting the Top 10? The Data Speaks…steemCreated with Sketch.

in Daily Crypto Updates3 years ago

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There is talk now about the possibility of Ripple (XRP) leaving the Top 10 . In the ongoing altcoin rally, it's not just breast coins to make headlines and make a comeback from the price drop that followed the 2017 bull run. Along with BNB, XRP and DOGE emerged as the top two altcoins with increased dominance and hyper-based rallies. The price increase driven by social volume provided value gain. This situation caused the emotions to rise. For the top 10, Google trends show interest in XRP, DOGE and ETH growth. Interest has grown steadily over the past two months.

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🚨Ripple and top 10
Why XRP won't drop out of top 10 altcoins anytime soon
Google Trends results are in line with social responsiveness. XRP is currently trading at $ 1.42 and the price has dropped over 10% in the past 24 hours. The trading volume has increased by nearly 50% in the last 24 hours. However, the current circulating supply of XRP is seen at 35 Billion XRP. At the current price level, XRP has dropped to 8th place in terms of market capitalization. Additionally, after 60 days and 90 days 184% 198% sustainable ROE of a price rise, xrp'n the price did not reach that yet ath'y 3 years ago level of 3.84 dollars.

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Ripple
More than 1,200 new accounts have been created in the last 24 hours, and more than 210,000 transactions have been processed by the day. According to the price chart, there appears to be a consistent increase in the price of XRP and steady growth in volatility . XRP's dominance has steadily increased and there is room for XRP's price rally and the altcoin to stay in the top 10. However, let's not forget that meme coins with unsustainable rallies peaked in the race. With increasing selling pressure, falling volatility, and social volume based on data from lunarcrush.com, the meme coins' rally could end before a lengthy price rally. This is XRP'sit leaves room for price rally, and there could be an improvement in terms of market value. After falling from second place, XRP has consistently dropped below the top 5. This has led many to predict that XRP will fall below the top 10. However, according to blockchain metrics and price chart, XRP is on its way to recovery in the short term. These reasons are that the altcoin is expected to return to the top 5 in the following weeks of May 2021.

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Ripple will still keep it strong as i can see

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