now ranks as the sixth largest cryptocurrency. Binance's BUSD stablecoin is now the seventh most valuable, with a market cap of $18.8 billion. At the time of publication, XRP was changing hands at $0.391, up 2% in the last 24 hours.
According to Coinshares, sentiment is steadily improving, with digital asset investment products recording minor inflows totaling $8.8 million in the past week.XRP made a swift rebound from lows of $0.37 on Dec. 12. The climb progressed, with XRP rising above the MA 200 barrier of $0.388 on Dec. 13. The bulls sustained this move until near-term resistance was met around $0.40.To proceed further, bulls must squash the $0.40 barrier to target the $0.50 level next.
In the near term, a base is gradually building at $0.37 as bears have failed to price below here on three consecutive occasions. Meanwhile, the general picture remains one of consolidation as the daily RSI remains near the neutral level of 50.