Ripple Leads The ‘Green’ Monday With A 21% Surge In A Market-Wide Recovery

This Monday’s crypto news show that there is a wide market recovery, led by the second biggest cryptocurrency in terms of market cap, Ripple (XRP). The XRP altcoin has almost touched the $0.4 margin and the coin’s market cap reached close to $15.61 billion, replacing Ethereum to become the world’s second largest cryptocurrency.

The surge is likely to come as an after-effect from the dialogue in which Ripple’s chief marketing strategist outlined all the reasons how XRP is better than Bitcoin, according to him. This definitely attracted potential holders and showcased how decentralized XRP is in comparison with Bitcoin’s centralization and the influence by the Chinese mining community, labeling it as a ‘poor’ technology.

-Bitcoin has some real technological limitations
-The digital asset that show fundamental use cases will develop a fundamental value
-XRP is being used more than Bitcoin being used as of today

Cory Johnson, Ripple
Nov18#XRP #XRPthestandard pic.twitter.com/hmpqXNFTtT

— Steven Bull From the Diep (@DiepSanh) November 23, 2018

The XRP correction took place in the absence of solid backings, which means that its sustainability cannot be guaranteed at this point. A bear pennant formation also indicates the continuation of the current downward trend, and no one knows if this rise could lead Ripple as well as the market to an extended upside recovery action.

Currently, Ripple’s $0.36 worth is providing decent support as the daily basis show just like the rest of the top 30 coins, which are all in the green and starting the Monday fresh with new gains.