XRP’s Price Up 20% as Entire Crypto Market Bounces Back from Crash

In letter

  • Today’s price of XRP hit $ 0.64, an increase of more than 20% from yesterday’s price.
  • The price of XRP is up 57.11% this week. This makes XRP the third best cryptocurrency of the week after Stellar and Horizen.
  • Meanwhile, Bitcoin rose 5.67% to today’s $ 17,674 and Ethereum rose 6.22% to $ 539.

The price of XRP, the third largest Cryptocurrency With a market capitalization of $ 29.14 billion, today’s value was $ 0.64, according to CoinMarketCap, an increase of 20.62% over yesterday’s price. It’s the latest coin to have bounced back from this week’s market crash.

The price of XRP has increased by 57% from $ 0.36 last week, making it the third best cryptocurrency for the week after Stellar and Horizons. In the previous week XRP the most increased of all other major cryptocurrencies.

This is a recently trodden area for XRP. It passed on November 23rd $ 0.50 For the first time since 2018. Since then there have been many ups and downs.

After hitting almost $ 1 on November 24th the price of XRP crashed by 20% the next day. The downward spiral continued on Nov 26, falling below $ 0.50 at 16:44 UTC, before recovering strength shortly thereafter, rising above $ 0.50 at 20:14 UTC.

Bitcoin, the largest cryptocurrency by market capitalization, rose 5.67% in the past 24 hours to today’s price of $ 17,674. Overall, the price of Bitcoin is down 5.43% this week.

Meanwhile, ether, the second largest cryptocurrency, is up 6.22% to $ 539, a weekly increase of 1.36%.

The crypto market has recovered slightly from its nosedive this week. Crypto’s market cap increased 7.15% in the last 24 hours, meaning that its total market cap has reached $ 527.83 billion. Simultaneously with the crypto market crash earlier this week, the S&P 500 fell from its all-time high and the Dow Jones retreated below 30,000 basis points.

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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.

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