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

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  • Alex Dovbnya
    📰 News

    XRP proves that it can shine even when the rest of the market is enduring a major correction

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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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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