XRP Hits Downtick Following Its Recent 37% Hike

Time Stamp: February 9, 2022 8:16 AM
Source Node: 1169946

XRP

    • XRP indicates a slight downtick of 2.2% in the past 24 hours.
    • Since last week, XRP had been surging with a 37% hike and market capitalization of $41.15 billion.
    • The surging global market has made many crypto to rally.

The surging crypto market for the past week has influenced XRP’s spectacular growth. In the past day, the price value of XRP gained $0.91 with a market capitalization of $41.15 billion.

But today, at the time of writing, XRP has slightly dipped from $0.91 to $0.86. Its price has decreased by 2.2% in the past 24 hours. Despite the coin hiking up to the highest value of $0.9 today, the overall performance of XRP remains slow.

xrp
XRP/USDT 1-day chart (source: TradingView)

On the last day, Santiment, a market behavior analysis platform, tweeted a post on XRP surge in the past 4 days.

As of yesterday, XRP has been covering a 37% uptick for four days. The token also reacted to its daily active address uptick that started in the mid of January.

As part of its redemption arc, XRP has once again become the sixth-largest cryptocurrency in the world with a market capitalization of $41.26 billion. Bitcoin (BTC) maintains the lead with a $43,577.9 price and market capitalization of $828.2 billion. Ethereum (ETH) holds the second with a price value of $3,090.8.

However, the past 24 hours indicated a slight downtick for coins like Bitcoin, Ethereum, Tether (USDT), Binance Coin (BNB), Cardano (ADA), Solana (SOL), etc. Meme coins like DOGE and SHIB moved down by 5% and 5.63% respectively.

Meanwhile, XRP still keeps its eye on reclaiming the $1 territory. Since its upward trend in the middle of January, many crypto HODLers have been looking for the next rise in XRP price. Moreover, the coin keeps competing with Cardano and Solana, which are just behind XRP with slight market cap variations.

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