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XRP Outperforms Top Cryptocurrencies, Will XRP Price Hit 1$ By End Of September?

XRP Outperforms Top Cryptocurrencies, Will XRP Price Hit 1$ By End Of September?

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The global crypto market cap has risen slightly by 0.45% in the last 24 hours, but is still below the trillion dollar mark. This is led by the first-born currency Bitcoin, which is still between $19,000 and $18,000.

The price action of the flagship currency has dropped most cryptocurrencies to a red flag. However, the sixth largest cryptocurrency by market capitalization, XRP is one of the few altcoins whose prices have risen.

Ripple's home currency has now successfully broken through almost 528 days of bearish trading. Unfortunately, XRP had received little to no attention during this bear market, and now the currency has taken the crypto community by surprise. Moreover, XRP has proven to be one of the most profitable commodities at various times.

At press time, XRP was trading at $0.49, a spike of more than 12 percent in the past 24 hours.

XRP price rises 62% in a week

Meanwhile, a pseudonymous crypto analyst and trader known as Cryptoes released the news via a Twitter post and an XRP chart consisting of 1-day bars from March 2021 to today.

April 2021 was when XRP succumbed to the bear trap and has been struggling ever since. Before the altcoin was covered in negative trading, XRP had reached a peak of $1.8 in April 2021. After reaching this peak, the currency fell sharply to $0.52 in July 2021.

However, the current rally has reversed all of its previous volatility amidst the current bearish sentiment that is hovering throughout the crypto space. XRP is up a whopping 52.24% over the past week, outperforming most of the top cryptocurrencies.

On the other hand, the US Securities and Exchange Commission (SEC) has appealed to the court for summary judgment in the XRP lawsuit, which will settle the long-running legal dispute.

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