TL;DR

• XRP ranked extremely when it comes to liquidity in This autumn 2023, outpacing different main cryptocurrencies.
• Whereas Ripple’s coin exceeded sure benchmarks in 2023, it has skilled a decline in worth just lately.
• Some analysts have optimistic expectations for the asset’s future efficiency, predicting important worth will increase.

Based on Kaiko, Ripple’s XRP ranked as the highest 3 cryptocurrencies when it comes to liquidity in This autumn, 2023, surpassing the biggest meme coin by market capitalization – Dogecoin (DOGE) – and Solana (SOL). The one two digital property forward had been Bitcoin (BTC) and Ether (ETH).

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Kaiko’s quarterly #crypto asset liquidity rating is now stay! This autumn 2023’s prime 5 property had been:

1. #BTC
2. #ETH
3. #XRP
4. #DOGE
5. #SOL https://t.co/O00MAPnyGM

— Kaiko (@KaikoData) January 15, 2024

XRP witnessed many developments within the final quarter of 2023, with its worth exceeding the $0.70 mark in November.

It additionally turned the top-traded cryptocurrency on Uphold for the week of November 18 – November 25, when virtually 75% of the trade’s customers bought some quantity of XRP.

At one level in 2023, the token became probably the most traded altcoin on US-based cryptocurrency exchanges, with SOL, LTC, and DOGE trailing behind.

Recall that a number of buying and selling venues headquartered within the States, together with Coinbase and Kraken, re-listed XRP following Ripple’s first main (but partial) courtroom victory towards the Securities and Change Fee (SEC) final summer season.

Regardless of its spectacular efficiency in 2023, the asset’s worth has been on a downfall recently, presently buying and selling at round $0.57 (per CoinGecko’s knowledge).

Nevertheless, a number of analysts, similar to Crypto Rover and Darkish Defender, consider XRP’s glory days are but to return. The previous expects a “huge breakout” within the subsequent eight weeks, whereas the latter envisioned a bull run that might take the asset’s worth to as excessive as $22.50 earlier than the top of 2024.

In order for you to check out different XRP worth predictions for 2024, be happy to take a look at our most up-to-date video right here: