- Ripple Coinbase Linkup Rumor Triggers XRP FOMO in 20% Surge Above $0.31
- Altcoins Follow XRP’s Lead
Ripple News Update- The crypto market recorded a big move today as the altcoins soar while bitcoin lags behind. For the first time in six weeks, the top crypto asset has dipped below 70% dominance. Despite Bitcoin’s plunge, many of the main altcoins are recording large gains. XRP and XLM are the top performers in today’s rare move of the altcoins. Besides, Ethereum is making a strong upward movement.
XRP, The Worst-performing Major Altcoin
Ripple XRP is one of the worst performers among the top altcoins. The cryptocurrency has been on the floor for the most part of this year. It traded around a yearly low for most days of this month. Since the summer’s altcoin rally, the token dipped to a yearly low near the $0.25 level. Besides, the San Francisco based fin-tech firm’s spurious token movements have provoked the crypto community. Fears of mass liquidation have also increased.
XRP (XRP) Price Today – XRP / USD
Within the past few hours, XRP has recorded one of its biggest upward moves. The cross border payments token increased by almost 20% to trade at over $0.31. Also, the daily volume has increased from $850 million to nearly $2.5 billion. With this surge, Ripple’s token is leading the altcoins at the moment.
XRP is on a roll with the 20% increase. It is likely that the rumors of the linkup between Coinbase and Ripple are fuelling the surge. However, there is no official statement concerning the cause of the XRP surge. Contrarily, Forbes has attributed the upward movement of the token to hard fork proposed by the community.
Ethereum has continued the upward movement it started during the weekend. Since then, the token has made over 18%. A few hours ago, the crypto asset which has moved above the $200 barrier reached $215. Currently, Ethereum is trading at $212. The second-largest cryptocurrency has recorded lows for some time. However, expectations are high that it will hit higher levels.
The next key resistance level for Ethereum is near $230. Currently, it seems the crypto asset is making efforts to reach that zone.
Green Envelops the Altcoin Markets
Just like the XRP, Stellar Lumens is also benefiting from today’s FOMO. Usually, both tokens move together. Stellar Lumens has recorded low levels for the most part of this year. However, it made a 14 % increase today and hit $0.066. Tron and Tezos have also grabbed a double-digit gain today.
Many top altcoins made a rare upward movement independent of Bitcoin. While these crypto-assets record gains, the king of cryptocurrency’s dominance dropped. XRP is showing bullish signs as the token has started an uptrend against Bitcoin and US Dollar.