Ripple’s XRP Now Largest Altcoin by Market Cap

2018-11-15 16:52

Bearish movements took place across the cryptocurrency market yesterday as Bitcoin returned to sub-$6k levels. Ripple’s XRP is no different and is now on its third consecutive day of declines. XRP has managed to hold its value during this decline better than Ethereum and has now overtaken Ethereum as the largest altcoin in terms of market cap.

XRP Overtakes Ethereum

Yesterday’s decline brought the price of XRP from $0.5 to an intraday low close to $0.4. Price had since retraced to close around $0.46 but is continuing its drop today. The price is currently trading around $0.44, and momentum is firmly on the side of sellers. Both the RSI and the MACD are decreasing showing seller momentum.

XRP Daily Chart – Source: Tradingview.com

Price is more stable today for XRP, but the overall outlook remains bearish. An increase from here would likely meet numerous resistance points such as the hourly 50 EMA and $0.49 level in the event of a significant rise. With the overall market moving in a downward direction, there is likely a greater chance of XRP returning to $0.4. XRP traded all the way down to $0.29 around one month ago, so there is the possibility of XRP returning to sub-$0.4 levels

Bitcoin Hourly Chart – Source: Tradingview.com Key Takeaways: XRP overtakes Ethereum to be the second largest cryptocurrency by market cap XRP dropped to near $0.4 yesterday but has since retraced. With strong seller momentum, XRP is likely to return near this point. XRP traded near $0.29 one month ago, so there is the possibility of XRP moving to sub-$0.4 levels. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Ripple’s XRP Now Largest Altcoin by Market Cap was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5257 (+0.09%)
Объем 24H $1.156b
Изменеия 24h: 1.17 %, 7d: -0.42 %
Cегодня L: $0.5247 - H: $0.526
Капитализация $29.148b Rank 7
Цена в час новости $ 0.4566 (15.13%)

xrp market ripple altcoin largest bitcoin ethereum

Источник: blokt.com

xrp market → Результатов: 126


BlockDAG’s Batch 3 is Here! Historic Keynote Leads to Massive Sellout; Flare Also Surges 43%

In the dynamic cryptocurrency market, Flare is bolstering its ecosystem through strategic actions such as early FLR payouts and burning 66 million tokens, aiming to enhance value and stability. Concurrently, the XRP Ledger introduces Automated Market Makers (AMMs) to provide XRP holders new passive income paths, navigating regulatory complexities.

2024-3-14 19:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.