• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
XRP

XRP Holds Gains When Almost The Whole Market Turns Into Red

Alyz by Alyz
4 months ago
in XRP
Reading Time: 3 mins read
Advertisement

The broader crypto market remains in a bad state regardless of the few positive movements of some tokens. Even popular tokens like Bitcoin and Ethereum do not give investors any hope. This is evident from their current prices of $19,005 and $1,282, respectively, according to data from CoinMarketCap.

Multiple factors are backing up the present state of the crypto market. One is the Fed’s quantitative tightening in the Q2 of 2022. While investors have that to contend with, the negative Consumer Price Index (CPI) value released in September has also affected the market.

Related Reading: Bitcoin Supply In Profit Continues Decline, But Still Not At Historical Bottom Zone

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

However, the market’s bearish trend may not last long, depending on the upcoming data release. This is particularly true considering the anticipated Consumer Price Index to be released on Thursday.

But while the crypto maintains a bearish movement, some tokens appear to stand out in the crowd. A perfect example of picking out is XRP. This digital token seems to have resistance to the ongoing trend of the market.

XRP Stands Out Amid Bearish Market

The current price of XRP, as per data from TradingView, is $0.4875. Although its 24-hour price change on CoinMarketCap stands at -6.37%, its weekly and hourly rates are -0.10% and 0.01%, respectively. XRP seems to have maintained this positive movement in the last seven days, and chances are that it’ll sustain the trend for a while.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

In the meantime, the trading volume of XRP in 24 hours is approximately $2.55 billion. Its price position is now in sixth place based on CoinMarketCap’s ranking, and it holds a market cap of over $24.40 billion. 

Although the XRP token has witnessed some tough times, it still maintains its popularity. Many investors, both retail and institutional, carry out their various transactions using the token. Moreover, experts have already predicted that XRP will maintain a price level above the $1 price mark in the future.

XRPUSD
XRP’s price currently fluctuates above $0.48. | Source: XRPUSD price chart from TradingView.com

The Factor Behind XRP’s Growth

Multiple factors contribute to the success of the XRP token, including the power behind RippleNet transactions. Aside from this fact, the market sentiment, rising whales’ activity, and listing updates are major factors contributing to its growth.

Related Reading: Here’s Why SUSHI Is Down More Than 10% In The Last 24 Hours

XRP whales seem to have increased over the years. With this increase comes a high purchase of the token. In the past 24 hours, more than 270 million XRP tokens have been transmitted between several digital currency exchanges. As per data from Whale Alert, this is worth more than $130.2 million.

Moreover, as Bitcoin becomes less affordable for some investors, XRP becomes their best alternative. The constant activity with the digital token remains a major driving force in the crypto market.

Featured image from Pixabay and chart from TradingView.com
Tags: cryptocurrencyripple xrpXRP Price AnalysisXRP technical anylsisXRPUSD
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Alyz

Alyz

Alyz is a passionate freelance writer and journalist.

Related Posts

XRP Whales Accumulate Almost 60.2 Million Tokens, Is A Bull Run Coming?

XRP Whales Accumulate Massive Tokens – Is A Bull Run Coming?

4 days ago
Ripple

XRP Price Prediction: Key Upside Break Could Trigger Rally To $0.5

7 days ago
XRP

XRP Tops List Of Gainers As Whale Interest Spikes

3 weeks ago
XRP Price Prediction

XRP Price Prediction: Bulls Could Aim $0.4 or Higher

3 weeks ago
XRP

Santiment Paints Bullish Picture For XRP, But This May Not Be The Case

4 weeks ago
Ripple XRP

XRP Price Suddenly Plummets By 12% – Here’s What’s Going On

4 weeks ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

“Gold has been the best performing investment asset over the last two decades”: an interview with Easygold

January 30, 2023

The Crypto Dream Team: Binance Coin (BNB), Polygon (MATIC) and Orbeon Protocol (ORBN)

January 30, 2023

Polygon (MATIC) and Fantom (FTM) Are Losing Favor With Investors As They Turn To Snowfall Protocol (SNW) For 1000x Potential Gains!

January 30, 2023

Tezos (XTZ) shares its 12th protocol upgrade, Twitch Co-Founder’s Gaming NFT Marketplace Expands to Polygon (MATIC) Network while Snowfall Protocol (SNW) Breaks Record Highs

January 30, 2023

Snowfall Protocol Investors Happy After the Release of Snowfall DEX, Twitch Co-Founder’s Solana Gaming Platform Fractal Expands to Polygon, And Majority of Dogecoin Holders Are in Profits Despite the Meme Coin Being Down 87% From Its 2021 ATH

January 30, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.