XRP remains strong in second place while the crypto market continues its bearish journey


The serious fall in the cryptocurrency market does not seem to end soon and continues to disappoint hodlers. The last hour saw a slight increase in the price, however the bears have regained control. The 7-day market chart continues to bleed in red with Bitcoin Cash [BCH] is the biggest loser in the top 5 cryptocurrencies with a loss of 29.47%.

The total market capitalization of the market fell sharply from $ 202 to $ 182 billion in less than 24 hours.

7-day market capitalization chart: Source: CoinMarketCap

7-day market capitalization chart: Source: CoinMarketCap

Note that some coins are gaining momentum in the 24-hour statistics, which include XRP, Stellar [XLM], EOS, Litecoin [LTC] etc.

The Crypto community received an awakening call at the start of today when XRP passed Ethereum [ETH] to guarantee the second position based on market capitalization.

At the time of writing, XRP is trading at $ 0.46 with a market capitalization of $ 18. 7 billion. The cryptocurrency has increased by 2% in the last 24 hours. The highest volume of XRP is emerging from a community-based exchange platform called ZB Global, followed by Bitbank.

XRP Cart 7 days | Source: CoinMarketCap

XRP Cart 7 days | Source: CoinMarketCap

Along with other cryptocurrencies, XRP also showed the downward correction in the last two days. The XRP was trading at $ 0.517 before the bear market began and reached $ 0.43 in less than 24 hours. However, the price started to gain momentum and reached the current point.

The XRP community continues to express its positive reviews on the growth of cryptocurrency on various platforms.

An XRP supporter named BG Iradji says:

"Remember when Google was 1/5 of Yahoo's market capitalization? I want it, remember when Apple was 1/5 of Nokia's market capitalization? XRP was 1/5 of BTC's market capitalization? I want it. And today!"

XRP Research Center tweeted:

"So, ETH has 400 markets listed on the CMC, while #XRP it has only 255 to date. Despite #XRP has markets listed at -36% compared to ETH, today it has achieved a greater market capitalization than ETH, despite the latter being more "mainstream and accessible". "

Alex Cobb, an XRP investor, says:

"One thing I'm just starting to consider, I initially thought the decoupling would happen from BTC and stay flat and XRP going up, but in reality it seems possible that we could decouple and see XRP like # 1 of XRP stay stable and fall into BTC The war with BTC is warming up "

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Laira Rebecca

Laira is a full-time writer at AMBCrypto. She is a degree in Computer Science and has about 1 year of writing experience. His enthusiasm and his keen interest in the development of his knowledge on blockchain and cryptocurrency have led her to become part of AMBCrypto. At the moment it has no value in cryptocurrency or in its projects.

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