A couple of assets in the cryptocurrency market were seen making headlines just as the new month of March kicked off. Along with Cardano (ADA) and Solana (SOL), Ripple’s XRP was put under the spotlight for its addition into the Crypto Strategic Reserve of the United States. Just as this news broke, the altcoin witnessed a massive uptick in its price. The asset went from trading at a low of $1.95 all the way to a high of $2.95. This upward trajectory has led to the community hoping to witness a spike of a higher magnitude over the next few days.
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XRP Recovers Faster Than The Rest
Throughout the past day, most assets in the market were recording a notable uptick. XRP, however, was seen making the most by rising 6.13% over the last 24 hours. At the time of writing, the altcoin was trading at $2.46. While most coins in the market encountered a challenging month of February, XRP experienced a rather smooth sail. The asset maintained itself over the $2 mark during this period.
In addition to its price, the market cap of the asset grew by nearly 6%. At present, XRP stands as the third largest cryptocurrency with a market value of $142.47 billion.
Along with the current market recovery, the community was also confident about the altcoin. Data from CoinMarketCap’s Community Sentiment revealed that 88% of 822.6K individuals were positive about XRP’s surge in the coming days. Only 12% exhibited a bearish outlook about the altcoin.
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March 15 Price Prediction
According to data from CoinCodex, XRP’s uptrend will witness a slight correction. Over the next couple of days, the asset is expected to see a downtrend. On March 15, XRP will trade at $2.46. This is certainly a dainty downfall from its current price. The rest of the month, however, could bring in major gains for the asset.
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