XRP price chases $2 after bull flag breakout leads to new 2024 highs
XRP moves closer to $2 as new partnerships and a fresh round of trading volumes help send the altcoin to a new 2024 price high.
XRP (XRP) rallied to a new year-to-date high at $1.68 after the altcoin continued to form a higher high (HH) pattern. The crypto asset is up 40% this week, and it may potentially flip BNB to become the fifth-largest cryptocurrency in the market.
XRP 4-hour chart. Source: Cointelegraph/TradingView
While XRP price has increased 232% over the past 30 days, its onchain metrics also demonstrate a positive resurgence. Data from xrpscan, highlighted that the number of active accounts or unique senders on the XRP network increased from 15,592 on Nov. 1 to as high as 47,044 on Nov. 16.
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Author: Biraajmaan Tamuly
