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Ripple

Ripple stays in positive territory despite technical market correction

Despite the modest selling pressure surrounding the top cryptocurrencies on Monday, Ripple seems to be outperforming its rivals with the XRP/USD pair gaining 3.25% at 0.3212 as of writing.

The decisive 5.6% upsurge witnessed in the pair on Saturday lifted it above the 0.3 psychological threshold. Although the pair retraced a large part of its gains on Sunday to post small losses for the week, it opened the new week on a strong footing. According to coinmarketcap.com, Ripple’s market capitalization is currently around $14 billion compared to $13 billion on Sunday.

Meanwhile, following last week’s rally led by sharp gains in Bitcoin, the crypto market seems to have lost its momentum on Monday paving the way for a technical correction, which could cap the XRP’s gains in the near-term.

source:.fxstreet.

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