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XRP Leads Market Recovery, Surges By 11% And Leaves Ethereum ETH In The Wind

31 january 2019, 22:18 by John Kiguru

XRP Leads Market Recovery, Surges By 11% And Leaves Ethereum ETH In The Wind

In the last couple of hours, XRP has made a leap, surging by over 11%. XRP’s movement has seen the wider market follow and record substantial gains. At the time of press, XRP is up by 11.76% and trading for a little over $0.32. If the bullish sentiment persists, XRP will look to retest the $0.35 position, which it fell below in mid-January.

The movement in the top tier market has seen Bitcoin retest $3,500 but fail and Ethereum hit $108. Their positive movement is expected to trickle down the market as the wider market attempts to recover more than $6 billion lost earlier in the week.

Sign Of A Good Month To Come?

The price surge comes on the last day of the month of January, could this be a sign that February will be a better month?

The movement comes ideally as we head into a new month and this will see the bulls go into the new month with great aspiration and ambition. The next couple of hours or days might see the bulls begin consolidating and plot a price surge that sees XRP retest the year’s all-time high of a little over $0.37.

XRP has always been one of the few coins that have remained less prone to volatility however it has in recent weeks not been invisible to widespread market sell-offs. The earlier week sell-off saw XRP drop to lows of $0.28, making it its 2019year low record. Its response now has been encouraging as it gets back in range of its high from last week.
Today’s outstanding performance comes days after the International Money Fund (IMF) director stated that banks will need to modernize their operations if they are to survive. The director further stated that Ripple was doing well and providing much needed modernized services in the financial industry.

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