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XRP Rallies By 6% As Bitcoin Stays Below $30k

Twitter icon  •  Published il y a 9 mois  •  Hassan Maishera

XRP is up by more than 6% in the last 24 hours, outperforming the broader cryptocurrency market in the process.

TL;DR

  • XRP is outperforming the broader market as it resumes its rally.

  • Bitcoin has been struggling to maintain its value below the $30k level over the past few hours.

XRP Closing In On $0.80

XRP, the native coin of the Ripple ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap today. XRP has added more than 6% to its value over the last 24 hours and is currently trading at $0.7887 per coin. In the last seven days, XRP has added more than 65% to its value. 

The rally comes as XRP continues to ride on last week’s judgement that the coin was not a security. The judgement was made following a multi-year case between Ripple and the United States Securities and Exchange Commission (SEC).

Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming since the start of the week. BTC is down by more than 2% in the last seven days and is now struggling to maintain its price at $30k per coin. At press time, BTC is trading at $29,992 per coin.

Bitcoin Cash is also performing well after shedding some of its gains in recent days. BCH is currently trading at $246, up by more than 3% so far today. Despite Bitcoin's poor performance, the total cryptocurrency market cap stands at $1.21 trillion, up by 1% in the last 24 hours.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.