The global crypto market cap dropped by around 2% over the past day as top coins like Bitcoin (BTC) and Ethereum (ETH) printed red indexes. Meanwhile, XRP has managed to decouple from the ongoing trend of the market.
XRP price recovers
As per the data, XRP has emerged as the top gainer among the top 100 cryptos in the last 24 hours. XRP price surged by over 9% over the past day. It is trading at an average price of $0.41, at the press time. However, Bitcoin and Ethereum prices have dropped by 2% and 4% respectively.
Bitcoin trading volume has dropped by more than 25% in the last 24 hours to stand at $23.3 billion. However, XRP’s 24 hour trading volume skyrocketed by 57% to stand at $1.56 billion.
As per a crypto expert, XRP price surge amid Bitcoin price drop on the chart is something that has only been seen 3 times before. He mentioned that on the daily timeframe XRP has broken above the EMAs and consolidated above the trend line without falling back.
However, crypto whales have mov
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