Following bitcoin Cash’s [BCH] very successful weekend performance concluding the week with over 30 percent increase, it is XRP’s turn to take the cryptocurrency’s market wheel.
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The speedy coin, ranked third largest by market capitalization, is changing hands against the US Dollar at $0.5050 with 8.80% increase in the last 24-hours. XRP is leading bitcoin’s market by 9.04% in the green.
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Even that traditionally digital assets follow bitcoin’s [its native token] value movement, lately any drastic change coming from altcoins compared to the general market sentiment coming acts as a catalyst for a new trend to commence. XRP’s break above the important $0.5000 could possibly be the very welcomed signal for investors to get a piece of the coins which are still in the low while preparing for a bullish week.
BCH’s recovery weekend was mostly impacted by Binance’s announcement of declaring support towards bitcoin Cash’s November 15 Hard Fork. In the same manner, since CoinField’s [Canadian cryptocurrency exchange] announcement about the coin acting as their new system base currency, XRP has experienced a very needed trade-day.
The pair XRP/USD has been ranging between $0.4000 and $0.48000 since the major beginning-of-October drop.
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