The global cryptocurrency market capitalization has decreased by around 2 percent in the previous day as top coins like Bitcoin (BTC) and Ethereum (ETH) (ETH) printed red indexes. In the meantime, XRP Ripple (XRP) has managed to decouple from the ongoing trend of the market.
XRP Ripple (XRP) price recovers
As per the data, XRP Ripple (XRP) has resurfaced as the top gainer between the top 100 cryptocurrencies in the last 24 hours. XRP Ripple (XRP) price surged by over 9 percent in the previous day. It is currently worth an average price of $0.41, at the press time. Nonetheless, Bitcoin (BTC) and Ethereum (ETH) prices have has decreased by 2 percent and 4 percent respectively.
Bitcoin (BTC) volume of trading has fallen by greater than 25 percent in the last 24 hours to stand at $23.3 billion. Nonetheless, XRP’s 24 hour volume of trading skyrocketed by 57 percent to stand at $1.56 billion.
As per a cryptocurrency expert, XRP Ripple (XRP) price surge amid Bitcoin (BTC) price fall on the chart is something that has only been seen 3 times before. He mentioned that on the daily timeframe XRP Ripple (XRP) has broken over the EMAs and consolidated over the trend line without falling back.
Nonetheless, cryptocurrency whales have moved over 56 Million XRP Ripple (XRP) crypto tokens amid the recent price move. $10.5 Million worth of XRP Ripple (XRP) crypto tokens were added by whales from the Bitstamp cryptocurrency exchange.
XRP Ripple (XRP) holders’ lawyer, Attorney John Deaton in a Twitter thread highlighted that XRP Ripple (XRP) has been in the top 10 cryptocurrencies for a decade now. Nonetheless, Hinman gave Ethereum (ETH) a free pass when Ripple’s native crypto token was in the 2nd position. Later the SEC sued Ripple in December 2020.
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