• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
rocket launch
Sensei Inu Logo

Altcoins Awaken, What Has Driven The Epic XRP Surge?

Martin Young by Martin Young
4 years ago
in Cryptocurrency Market News, Ripple, Stellar
Reading Time: 2 mins read

In a rare move this year the altcoins have taken off today and their big brother has stalled its engine. Specifically Ripple’s XRP and payments token Stellar Lumens are driving the rally as total market capitalization and volume crank higher.

Ethereum Strong But XRP Stronger

For the best part of this year Bitcoin has been ruling the roost and dominating market movements. However it is finally the turn of the altcoins today as BTC runs out of steam just above $10k.

crypto
Total market cap 24 hours – Coinmarketcap.com

Ethereum has been on a roll since the weekend and has managed to hold on to gains above the psychological $200 level. Yesterday’s BitPay support announcement has added to the bullish fundamentals for ETH and a golden cross on the four hour chart confirmed things technically.

On the day Ethereum has gained a further 7 percent from just under $200 to top $211 at the time of writing. According to Tradingview.com ETH topped out at $215 a couple of hours ago before retreating slightly. It has now reached its highest level for over a month and is eyeing the next resistance level which lies around the $230 price zone.

Today’s big mover has not been Ethereum though. The Ripple token has finally lifted off its yearly low and surged a monumental 20 percent in its largest move since May. XRP has been floating around the $0.26 level for most of this month but it started to surge during trading yesterday and has continued into today topping out at just over $0.31 before a slight pullback.

According to the XRP Army’s Reddit there have been rumors of a tie up with the San Francisco based blockchain firm and Coinbase though noting official has been announced.

“Breanne Madigan drops some crumbs at minute 9:37; it seems like Coinbase is an xRapid exchange and it’s currently originating MoneyGram flows into Mexico.”

https://twitter.com/XrpCenter/status/1173131936082137089

As usual the company is moving tokens around again leading to further calls of centralization for the project.

30,000,000 #XRP (8,561,935 USD) transferred from Ripple to Ripple OTC Distribution wallet

Tx: https://t.co/iyv1nQfyyH

— Whale Alert (@whale_alert) September 17, 2019

Either way, after months of stagnation XRP has finally made a move and is one of the day’s top performers.

Stellar Lumens has mirrored the Ripple action as it usually does with a rare 15 percent surge to reach $0.065. There has been little to indicate why XLM has done so well today aside from the performance of its larger sibling.

Tron and Tezos are the other two altcoins gaining double digits at the moment but Binance Coin, Cardano, IOTA and Maker are all doing well also. Bitcoin meanwhile is still consolidating just below $10,250 as dominance drops below 70 percent for the first time in six weeks.

Image from Shutterstock
Tags: ethereumRipplestellarXLMxrp
Tweet123Share232ShareSend
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

Wall Street Memes Enters Last Day of Presale Before Tier 1 Exchange Listing – Could This Be the Next Big Meme Coin?

Wall Street Memes Enters Last Day of Presale Before Tier 1 Exchange Listing – Could This Be the Next Big Meme Coin?

1 hour ago
Spot

What The Drop In Spot And Derivatives Volumes Means For The Price Of Bitcoin

3 hours ago
Base

Explosive 6-Week Growth Sees Base Hit New Milestone

4 hours ago
5 New Meme Coins to Watch: Wall Street Memes Could 10x on IEO, Meme Kombat Raises $50k

5 New Meme Coins to Watch: Wall Street Memes Could 10x on IEO, Meme Kombat Raises $50k

9 hours ago
Bitwise Ethereum ETF

Bitwise Withdraws Application, A Big Blow To Ethereum ETFs?

21 hours ago
Unleash the Power of Crypto Cloud Mining: TopHash

Unleash the Power of Crypto Cloud Mining: TopHash

23 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • XRP Ledger Gets Massive Update, $XRP Pinned Below $0.55 As...

    2 hours ago
  • Recent BNB Updates: Investors Flock to Borroe.Finance and...

    4 hours ago
  • Bitcoin Metrics Show Long-Term Holders Refusing To Sell...

    5 hours ago
  • NFT Support for Polygon Stopped by Binance; Polkadot and...

    1 day ago
  • As SEC Deadlines For Bitcoin Spot ETFs Slide By, This...

    1 day ago

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.

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

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 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.