XRP’s price over the month: Is the breakout of the sideways movement driven by Ripple’s xRapid speculation?
The price of XRP has seen a hike recently, with its growth dwarfed only by that of Bitcoin Cash [BCH]. However, the coin is no stranger to sharp hikes in its price, as seen by its 117% growth in late September. This hike saw the coin starting the month of October at $0.59, up from lows of $0.27.
The coin then saw a slow downwards movement, indicative of the market slowly losing interest in the coin. It soon reached its monthly low, bottoming out at $0.37 on October 12th, proceeding to recover to trade around the $0.40 mark. This spurred further upwards movement in the coin, which dropped close to the lower end of the $0.40 mark before spiking to $0.46 on October 15th.
This was around the point where the coin began exhibiting the sideways movement seen by the cryptocurrency market in the second half of October, staying constant around the $0.46 mark and dipping slowly down to $0.44 over the period of the month. It also maintained this…
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