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XRP Outperforming

By popular demand, let's take a look at the most popular cryptoasset on the eToro platform, which has been outperforming over the last week. 

Here we can see the top seven cryptos by market cap. XRP is the white line.

It did take a while for XRP to join the party this time. Unlike some of the other large-cap altcoins, it did not get a chance to surge during the recent altseason. 

On the other hand, it also didn't see much of a plunge while the rest of the crypto market was going through capitulation back in November. Though it did fall during that timeframe, it did manage to hold firmly to its previous level of support at $0.25 per coin, thanks to a massive surge when the xRapid platform was released in September.

 

Over the last year, Ripple labs and the XRP community have been doing their best to distance themselves from the rest of the crypto community. CEO Brad Garlinghouse famously bashed bitcoin claiming that XRP is a valid replacement. 

XRP chartists have also stated that in order for the platform to see great success, it needs to break the price correlation. So in that sense, it seems to be making good progress but isn't quite there just yet.

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Disclaimer: Crypto is a risky asset class and some coins may eventually reach zero, so please trade with caution and consider diversifying your portfolio.

Please note: All data, figures & ...

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Gary Anderson 10 months ago Contributor's comment

The markets turned. Generally China growth is risk on. China slowing is proving to be risk off for markets.