The price of XRP has reached a new record high level today, passing by a key of $ 3.30. After almost seven years, what seemed impossible to broke, now it has broken, and XRP is currently in the fact that some can call the price detection mode.
Interestingly, the price of XRP does not increase in accordance with the rest of the crypto -market, but unlike it. In the past few hours, the popular alternative cryptocurrency has seen how its prices literally break its main competitors in the face of Bitcoins (BTC) and Ethereum (ETH), and an amazing increase of 16% of today’s minimums against both leading cryptocurrencies.
As a result, the XRP price reached the estimate of 0.000033 BTC and 0.00099 ETH. This is still far from the record high maximums both in the fight against bitcoins and in the ethereum, with a growth site up to 657% and 269%, respectively.
What does this mean for traders and investors?
The XRP breakthrough, of course, is something to follow, even if you do not like the token. While the growth of cryptocurrencies is impressive how it continues and whether it can hold these achievements will carefully monitor. In addition to numbers, this breakthrough indicates large changes, both in the XRP ecosystem and in a wider crypto -world.
Where will all this liquidity be after turning in XRP? In beta -game, like HBAR or XLM? Or maybe the rest of the altcoin spectrum can enjoy some new streams of money?
We also consider that the dominance of the XRP in the cryptography market is currently estimated at 5.5%, and this figure has decreased only by 77% only in October. Thus, we will certainly see any redistribution, but when and where it remains an open question.
