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In the letter
- The price of XRP today reached $ 0.64, an increase of more than 20% from yesterday’s price.
- The price of XRP rose 57.11% this week, making it the third best-performing cryptocurrency of the week, after Stellar and Horizen.
- Meanwhile, Bitcoin is up 5.67% to $ 17,674 today and Ethereum is up 6.22% to $ 539.
The price of XRP, the third largest cryptocurrency with a market capitalization of $ 29.14 billion, it reached $ 0.64 today, a 20.62% increase from yesterday’s price, according to data from CoinMarketCap. It is the latest coin to recover from this week’s market crash.
The price of XRP has increased by 57% up from $ 0.36 last week, making it the third best-performing cryptocurrency the following week Stellar is Horizen. In the previous week, XRP has raised the maximum from any other major cryptocurrency.
This is recently entered territory for XRP. November 23 has passed $ 0.50 for the first time since 2018. Since then, there have been many ups and downs.
After hitting almost $ 1 on November 24, the price of XRP crashed by 20% the next day. The downward spiral continued on November 26, falling below $ 0.50 at 16:44 UTC before picking up strength soon thereafter, rising above $ 0.50 at 20:14 UTC.
Bitcoin, the largest cryptocurrency by market capitalization, has risen in the past 24 hours by 5.67% to today’s price of $ 17,674. Overall, Bitcoin’s price fell 5.43% this week.
Meanwhile, Ethereum, the second-largest cryptocurrency, rose 6.22% to $ 539, close to its 1.36% weekly increase.
The cryptocurrency market has recovered slightly from this week’s crash. Crypto’s market capitalization has increased by 7.15% in the past 24 hours, which means that the overall market capitalization has reached $ 527.83 billion. Coinciding with the cryptocurrency market crash earlier this week is the fall of the S&P 500 from its all-time high and the retreat of the Dow Jones below 30,000 basis points.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
