Based

United

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripples-steady-growth-continues-despite-challenges/" data-wpel-link="internal">Ripple’s Steady Growth Continues Despite Challenges</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/xrp-continues-to-show-activity-latest-developments-and-future-expectations/" data-wpel-link="internal">Ripple</a> (XRP)</strong>, despite slow growth in the past few weeks, is on the path to potentially breaking a significant historical record. Unlike its counterparts, XRP managed to achieve a modest increase of 5.05% within 24 hours, reaching $0.58. Following this slight rise, the <strong>cryptocurrency</strong> did not surpass the crucial $0.6 price point, which is considered an important marker for setting new growth trends.</p> 
<h2 id="historical-data-on-ripple">Historical Data on Ripple</h2> 
<p style="text-align: justify">In past years, the month of February has mostly ended with losses for XRP. Moreover, data from <strong>Cryptorank</strong> shows that in the last decade, XRP has only closed February positively three times. These include a 23.8% increase in 2016, a 1.13% rise in 2019, and a 26.3% gain in 2022. However, with February typically ending in losses, the average growth for XRP in February has dropped to -3.29%. The median growth rate also fell by 7.23%. Based on XRP’s current outlook, if it can confirm the 9% growth recorded from the beginning of the month to date (MTD), it may break the average and possibly median growth rates.</p> 
<p style="text-align: justify">Despite slower growth compared to the broader crypto markets, XRP bulls and individual holders could help the monthly outlook of the cryptocurrency if the current momentum continues. Despite excitement around XRP and its ecosystem, due to the unresolved lawsuit between Ripple Labs Inc. and the United States Securities and Exchange Commission (SEC), XRP may need to rely on broader ecosystem enthusiasm to achieve its short-term goals, given the limited or negative sentiment surrounding it.</p> 
<p><strong><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-320692 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/ripple-1.webp" alt="" width="1639" height="854"></strong></p> 
<h2 id="recent-developments-in-ripple">Recent Developments in Ripple</h2> 
<p style="text-align: justify">As <a href="https://en.coin-turk.com/spot-bitcoin-etfs-surpass-10-billion-in-reserves/" data-wpel-link="internal">Bitcoin</a>‘s (<a href="https://en.coin-turk.com/innovative-approach-to-creating-and-transferring-nfts-on-the-bitcoin-network/" data-wpel-link="internal">BTC</a>) price trend moves upward, surpassing the $58,000 reference point, the correlation with XRP could signify a positive omen for the cryptocurrency. This correlation could help the cryptocurrency surpass the $0.6 barrier in the short term and potentially elevate its price to a new baseline. Consequently, the popular <strong><a href="https://coin-turk.com/ripple-xrp-satin-al" data-wpel-link="internal">altcoin</a></strong> is exhibiting slow yet steady growth. Uncertainty remains in its short-term targets, and resolving this situation may depend on the positive impact of widespread ecosystem enthusiasm.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ripples-steady-growth-continues-despite-challenges/" data-wpel-link="internal">Ripple’s Steady Growth Continues Despite Challenges</a></h5>

Ripple’s Steady Growth Continues Despite Challenges

Table of Contents

COINTURK NEWS

Other articles published on Feb 28, 2024

Bitcoin Halving 2024 countdown: Everything You Need to Know

Bitcoin ETF approvals spark mass BTC adoption, experts say

Analyst Lists More Than 15 Altcoins for Minimum 35x Returns

Why is Bitcoin (BTC) Price Up Above $59,000 Today?

Bitcoin Price Skyrockets to $59k with BlackRock's Massive $520M Inflow in Bitcoin ETF!

6 Best Altcoins to Invest in Right Now February 28 – Arweave, Injective, Dogecoin

Join our free newsletter for daily crypto updates!