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XRP Leading the Market to the New Rally After Fast 10% Rise?

Mon, 10/07/2019 - 14:02
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Denis Sinyavskiy
Ripple is showing steady growth, adding almost 10% in price over the past 24 hours, will this be the beginning of a new rally for the cryptocurrency market?
XRP Leading the Market to the New Rally After Fast 10% Rise?
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Today, the owners of cryptocurrencies were pleased with small growth, in particular, the Ripple owners, who added in value almost 10% over the past 24 hours.

XRP 24 Hour Price Chart
Image by https://coinstats.app/en/coins/ripple

After a systematic decrease in the price of most cryptocurrencies and a fall in trading volume on the weekend, the situation finally normalizes. Major exchanges show an increase in trading volumes of 60-100%, compared with yesterday. Bitcoin and the main altcoins are also in the green zone, but this time the mood was not set by the main cryptocurrency.

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Over the past 24 hours, XRP has grown by almost 10%, from $0.251 to $0.276. The main altcoins also reacted to the growth of the token:

  • EOS showed an increase of 6.5%;

  • Stellar (XLM) rose by 8.2%;

  • Cardano (ADA) raised by 6%.

Top 10 Cryptocurrencies Price Change Charts
Image by https://coinmarketcap.com/

At the same time, Bitcoin grew by only 3.2% but did not lose its domination, this figure is 66.7%. The overall growth is noticeable throughout the cryptocurrency market, we will continue to monitor developments.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future, can be contacted at denis.sinyavskiy@u.today.