Ripple Price AnalysisXRP News

Ripple’s XRP Initiates Bull-Run: Returns Above $0.5000

Following Bitcoin Cash’s [BCH] very successful weekend performance concluding the week with over 30 percent increase, it is XRP’s turn to take the cryptocurrency’s market wheel.

Read: 

Bitcoin Cash [BCH] Stellar Performance Leaving Leading Coins [XRP ETH BTC] in Dust

or

Bitcoin Cash (BCH): More than Just Hard Fork Hype?

The speedy coin, ranked third largest by market capitalization, is changing hands against the US Dollar at $0.5050 with 8.80% increase in the last 24-hours. XRP is leading Bitcoin’s market by 9.04% in the green.

XRP Trading

Source: coinmarketcap

Even that traditionally digital assets follow Bitcoin’s [its native token] value movement, lately any drastic change coming from altcoins compared to the general market sentiment coming acts as a catalyst for a new trend to commence. XRP’s break above the important $0.5000 could possibly be the very welcomed signal for investors to get a piece of the coins which are still in the low while preparing for a bullish week.

BCH’s recovery weekend was mostly impacted by Binance’s announcement of declaring support towards Bitcoin Cash’s November 15 Hard Fork. In the same manner, since CoinField’s [Canadian cryptocurrency exchange] announcement about the coin acting as their new system base currency, XRP has experienced a very needed trade-day.

XRP On Fire As It Goes Live As The Base Currency On CoinField Exchange – 61 Countries Already In the Mix

The pair XRP/USD has been ranging between $0.4000 and $0.48000 since the major beginning-of-October drop.

Alex Tomzack
About author

Alex Tomzack is a crypto-enthusiast and has been fascinated since first hearing about it. Loves technology, writing, culture while being a regular trader and holder of digital assets. Email: alex@ethereumworldnews.com
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