The XRP price rises 55% to a 3-year high as financial inclusivity is sought

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XRP price has seen a 55% breakout in the past two days as the sixth-placed cryptocurrency by market capitalization once again shifted its focus to creating a cross-border payment network that is inclusive and sustainable.

Data from Cointelegraph Markets and TradingView show that XRP fell to a low of $ 0.566 in the wee hours of April 4, before a surge in trading volume helped push the price to a high of $ 0.877 in the last few hours.

XRP / USDT 4-hour chart. Source: TradingView

The surge in trading volume was sparked after Ripple posted a blog titled “Creating a More Financially Inclusive and Sustainable Future,” which discussed how the project worked with “enterprise-grade financial technology companies, leading universities, NGOs, foundations, and social entrepreneurs” on larger ones economic fairness and opportunities for everyone. “

A second wave of buying took place on April 5th after Ripple released the following announcement detailing the latest acquisition to improve its cross-border payment options:

Taken together, these recent announcements have seen XRP trading volume grow 257% over the past two days, from an average 24-hour volume of $ 5 billion on April 4th to $ 18.4 billion on April 5th.

While this rally took many traders by surprise, Cointelegraph Markets Pro’s VORTECS ™ data began to see an optimistic outlook for XRP on March 31, ahead of the recent price hike.

The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS ™ Score (green) vs. XRP price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS ™ Score for XRP rose to a high, peaking at 67 on March 31, about four days before the price began to rise.

The VORTECS ™ Score, in addition to the price increase, also increased significantly on April 5th and reached a high of 84 at the time of writing. Previous back tests of the VORTECS ™ system have shown that the price for XRP may continue to rise due to the rising score will tend as trade and Twitter volume continue to grow significantly.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading step is associated with risks. You should do your own research when making a decision.