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XRP Price Spikes as Ripple’s Token Remains the Only Top Cryptocurrency in the Green

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Fri, 5/04/2019 - 6:04
XRP Price Spikes as Ripple’s Token Remains the Only Top Cryptocurrency in the Green
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As they say, where Bitcoin goes, altcoins follow. However, it doesn’t seem to be the case with XRP – Ripple’s token recorded a sizeable 4.41 percent spike even while other altcoins remain in the red, CoinMarketCap data shows.   

CoinMarketCap: XRP gains 4.41 percent amidst an ongoing market correction
CoinMarketCap: XRP gains 4.41 percent amidst an ongoing market correction

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XRP defies the bearish trend

At press time, the third biggest currency by market capitalization is trading at $0.35, according to CMC, thus almost matching its most recent peak of $0.36.

The broader market slumps

As reported by U.Today, Bitcoin suddenly spiked by more than 20 percent on Apr. 2 that allowed its price to break above the important resistance level of $5,000. Unfortunately for crypto bulls, this rally didn’t have legs, and Bitcoin currently trading at $4,950.

Some other altcoins witnessed an even more brutal fall. Case in point: Bitcoin Cash. Roger Ver’s favorite coin plunged 12 percent following the astronomic growth of its price since Monday.

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The road to $3.70

There is no clear indicator of that might be pumping the XRP price. On Sept. 21, XRP became the forerunner of the cryptocurrency market with its price registering a 75 percent spike, which allowed Ripple to surpass Ethereum. Back then, XRP peaked at $0.783, but it’s still a far cry from its ATH of $3.70 that everyone’s favorite remittance token recorded in January 2018.

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