XRP Explodes 60% On The Weekly Level, Surpassing $1.3: Price Analysis

XRP explodes 60% on the weekly level and surpassed $1.3 while Bitcoin and other altcoins retraced following the latest gains on the market so let’s see more in our latest altcoin Ripple news today.

Shortly after reaching a new three-month high of over $48,000 BTC retraced fast and lost over $2000 in a few hours. Most altcoins were in the red but ripple wasn’t. XRP surged by 60% in one week to record a rise of $1.3 as XRP explodes 60% on the weekly level. The alternative coins enjoyed the past few days with some strong gains as ETH led the charge by surging past $3300 so ETH doubled its value since the July 20^th crash. However, the second biggest crypto retraced by about 3% in one day and it is now sitting above $3200.

Cardano was among the best performers with a 40% weekly increase despite the slight correction a day ago with ADA standing at $2.1 while surpassing binance Coin as the third biggest coin listed by market cap. Polkadot dropped by 2.5%, Uniswap by 3.5%, Solana dropped by 0.5%, and Litecoin by 2%. Chainlink retraced by 3.5% and MATIC dropped by 5% in one day. XRP surged by about 9% on a 24hour scale and Ripple’s native token increased by 60% in one week, surpassing $1.3. More fluctuations came from the lower and mid-cap altcoins like Waves which dropped 17% and THORchain 12% all recording major gains. Ravencoin on the other hand was in the red after it declined by 9%, Qtum by 10%, NEAR by 9%, and Telcoin by 8%.

The crypto market declined by about $60 billion in one day and sits under $2 trillion. The main cryptocurrency increased as well and it is up by 60% since the July drop below $30K. the bulls kept pushing it ahead and BTC even surged above $48,000 for the first time since May. The adventure was short-lived however as BTC reversed its trajectory and dumped by $2000. this came as the general sentiment on the market turned to extreme greed which can sometimes be used as a catalyst for incoming corrections, but not this time apparently. BTC now stands at over $46,000 and its dominance has further dropped to 44% even though the market capitalization stayed above $850 billion.

Source: https://www.dcforecasts.com/ripple-news/xrp-explodes-60-on-the-weekly-level-surpassing-1-3-price-analysis/