Ripple (XRP) has scored third place in this important list for Q4 2023: Details

TL; DR

XRP reached a peak in liquidity in Q4 2023, outperforming other major cryptocurrencies.
Ripple Coin Despite passing certain benchmarks by 2023, it has recently experienced a price drop.
Some analysts are optimistic about the asset's future performance, predicting significant price increases.

According to Kaiko, Ripple's XRP is positioned as the top 3 cryptocurrencies by liquidity in Q4, 2023, surpassing the largest meme coins by market capitalization – Dogecoin (DOGE) and Solana (SOL). The only two digital assets ahead were Bitcoin (BTC) and Ether (ETH).

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Caico's quarterly #crypto asset liquidity ranking is now live! The top 5 properties for Q4 2023 were:

1. #BTC2. #ETH3. #XRP4 #DOGE5. #SOL

— Kaiko (@KaikoData) January 15, 2024

XRP saw a lot of growth during the last quarter of 2023, with its price surpassing the $0.70 mark in November.

as well it becomes During the week of November 18th to November 25th, the highest traded currency on Uphold was 75% of the exchange's users who bought some amount of XRP.

At one point in 2023, the token Turned into The most traded altcoin on US-based cryptocurrency exchanges, followed by SOL, LTC and DOGE.

Several trading platforms headquartered in the States, including Coinbase and Kraken; Listed again XRP after Ripple's first major (yet partial) court victory against the Securities and Exchange Commission (SEC) last summer.

In the year Despite its impressive performance in 2023, the asset's price has been on the decline lately, currently trading at $0.57 (according to CoinGecko).

However, several analysts such as Crypto Rover and Dark Defender believe that XRP's glory days are yet to come. The former He waits. Over the next eight weeks, the “big crash”, the latter in He envisions a bull run that could push the asset price to $22.50 before the end of 2024.

If you want to see other XRP price predictions for 2024, feel free to watch our latest video here.