XRP Price Hit The Least Among Top Cryptocurrencies. Thursday, November 15th
XRP Price Hit The Least Among Top Cryptocurrencies
BTC Taking Everyone Down
While everyone has probably noticed that the cryptocurrency market is currently going through one of the more unexpected dumps and red times this year, the general trend should be solely connected with Bitcoin (BTC) price movement.
As Bitcoin is still the leading coin on the market, any drastic changes in its value will be automatically projected on other coins. However, by the unregularity of the price drops, we can see that some of the coins are doing better than the others and especially are doing better than Bitcoin.
XRP Price Analysis
Looking at the price changes in last 24 hours, XRP has recorded a decrease of "only" 9%. While it's still a lot, and the price has moved far away from the $0.5 region, in relation to other projects, Ripple's currency turned out to be one of the most stable, showing some resistance to the market trend.
Projects like Ethereum Classic, IOTA or Monero just to name a few from the top, are currently down more than 15% and still counting.
XRP/USD Price Chart, Thursday November 15th:
On November 14th, XRP was trading relatively confidently above the $0.5 mark, which many investors sought for a long time. Then, out of a sudden, the price fell from $0.506 to $0.43 in a matter of hours. The traders showed that they won't give their coin away that easily, and pumped the price up to $0.46 with a daily trading volume doubling from the ranges of $400,000,000 to $1,000,000,000.
While it's still a bad news for the investors that their coin is losing value, a question comes to mind. Is it really losing value? Looking at XRP performance, without BTC dumping it seems like the coin would experience a significant increase. Therefore, it seems that the devs and the traders are all doing good when it comes to Ripple's project and all it takes right now is to wait until Bitcoin solves its own issues.
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