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On November 25, 2022, the XRPL set a new record as “An XRPLPUNKS NFT just got sold for 108900 $XRP (44000 USD).” onXRP.com noted as “This is just the beginning for #NFTonXRP.”
The official Twitter account of XPUNK Community shows that the sale was the result of an open auction of Xpink #8811, with over 20 people in VC in Discord. It also added that it doesn’t want to disclose the name, while the community knows who it is.
The XRPL Punks collection, or Xpunks is homage to the already legendary non-fungible CryptoPunks collectibles, and is one of the hottest on XRPL. Later on the long-awaited XLS-20 amendment was applied to XRPL this fall, Xpunks alone have traded 1.78 Million XRPs to date.
On the other hand, the second most popular collection is a reference to another most-famous NFT collection, the Bored Ape Yacht Club, which has two times less but still has turnover of 866,533 XRP.
Top Crypto Analyst Outlook on XRP
Recently, a crypto strategist shared his stance on XRP, and warned Ethereum holders as ETH could witness another massive sell-off. The pseudonymous analyst DonAlt said XRP can potentially rally if it manages to take out key resistance levels.
It noted the fact that, “So basically at $0.38 to $0.40, that’s all weekly resistance. If we close below that, I’d probably just sell my XRP… If we close above it, that would also be a range breakout, not as a nice one as Litecoin, but the cool thing here is that it has already broken this range once. So if you break it again, especially given the first break was so significant, you’d expect it to just outperform massively.”
The current trading price of XRP is $0.378721 USD with a 24-hour trading volume of $993.56 Million USD. XRP is down 6.78% in the last 24 hours. Its current CoinMarketCap ranking is 7, with a live market cap of $19.04 Billion USD.
Meanwhile, a new controversy on the decentralization of XRP Ledger and the cryptocurrency that support it, XRP, has emerged and continued over the past two days. Here the Arguments for the doubters’ theses were presented by Ripple’s former Director of Development Matt Hamilton and the company’s current CTO David Schwartz.
David Schwartz made the response to another argument regarding the amendments validators may try to bring to a vote.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
