According to an analysis of the current price movements, XRP (XRP) is experiencing a good phase despite the atmosphere around the crypto space. The virtual currency market is currently experiencing what can only be described as one of the most brutal attacks after major tokens lost highly in volume.
XRP (XRP) Price Today – XRP / USD
While majority of all the top digital assets (including Ethereum (ETH), Litecoin (LTC), EOS, Stellar Lumens (XLM), Cardano (ADA), Tron (TRX) and Monero (XMR)) have slumped by 10%, XRP has remained on the positive side despite the torrid time the market is experiencing. Even the almighty Bitcoin (BTC) broke below the $5,000 level.
XRP Has Surpassed Ethereum (ETH) To Become the World’s Second Largest Digital Currency
Current data on the digital asset market shows that XRP is now the second largest virtual currency in the world surpassing Ethereum (ETH) to stay among the top two with Bitcoin (BTC). XRP’s market cap is now absorbing most of the damage suffered by Ethereum following this market crisis. The digital token is only down 4%.
At press time, the coin managed to trade at $0.49 per token which is a decent price considering the current atmosphere. The token now holds a market capitalization equivalent to $19.8 billion. A trade volume analysis of the token from the last 24 hours shows that its trading volume stands at $1.2 billion.
XRP Underwent Several Price Fluctuations to Sit at $0.47 Before the Close of Trade
Throughout the day, the charts show that XRP underwent a number of wild fluctuations. It had its lowest point at $0.47 trading along multiple levels before consolidating at that price. Despite the market price slump, XRP has showed great courage and returned as a gamechanger.
In the last 24 hours, it took a flight down and later jumped back up to remain at $0.51 with a market capitalization $20.2 billion at the time. Presently, the digital token has being able to maintain its momentum by steadying a support line between $0.43 to $0.47.
The Impact of the Talks With Binance
Several factors have helped XRP. The token has been in talks with Binance regarding being listed as a base trading pair currency on the leading digital currency exchange. The CEO and founder of Binance, Changpeng Zhao, recently tweeted the process for requesting that XRP or any other coin be listed on Binance. According to his tweet:
“XRP’s base shill is strong. Let us pump it out of your system. Let us put your shills under this single tweet, and see how much we can get. “
A Blockchain follower, who is also an XRP with handle C3|Nik, wrote regarding the issue:
“.@cz_binance the 2nd largest crypto asset by market capitalization isn’t offered as a base trading pair on the @Binance exchange
There is an excellent opportunity to give customers more value.”
Many believe that Binance has benefitted from adding XRP as a base trade pair because of XRP’s xRapid (a cross-border payments product that utilizes the cryptocurrency). Furthermore, this move is expected to add more value to Binance’s customers and make it an xRapid-preferred exchange.