Ripple (XRP) Is This Week’s Best Performer With 18% Gains (Market Watch)
Despite being calm on a daily scale, XRP is up by 18% weekly and sits above $0.5.
Bitcoin initiated a minor leg up in the past 24 hours but was stopped in its tracks and is now close to breaking below $19,000.
Most altcoins sit calmly with minor daily losses. On a weekly scale, though, XRP has emerged as the best performer from the larger caps.
Bitcoin to Test $19K Support?
The primary cryptocurrency’s price was on a roll last week when it pumped to a three-week high at around $20,500. Although it failed to continue upward, it remained above the coveted $20,000 line for a few days.
However, the landscape changed when the latest US job report came out. Even though it beat expectations, it sent BTC south hard, and the asset fell by almost $1,000 in an hour or so.
The weekend brought some more pain as bitcoin fell beneath $19,300. It bounced off and jumped to $19,600 hours ago, but the bears came back to play and pushed it south again to just over $19,000 – a new weekly low.
Its market capitalization has taken a minor hit and is down below $360 billion, while its dominance over the alternative coins is stuck at 39.5%.
XRP’s This Weeks Winner
The low trading volumes from Saturday continued on Sunday as well, and most altcoins have remained calm.
Ethereum has lost another 1% in the past 24 hours and now stands just inches above $1,300. Solana, Polkadot, and MATIC have shown similar performances.
Although XRP is down by 0.5% in the past 24 hours as well, the asset is up by about 18% for the past week. As such, it’s the best performer from the larger-cap alts and trades above $0.5.
Back on a daily scale, BNB, Cardano, Dogecoin, and Shiba Inu have charted even more losses of up to 2.5%. QNT was yesterday’s top gainer, but it has retraced by 7% now.
The cumulative market cap of all crypto assets has seen about $10 billion gone in a day and is down to $930 billion.