Crypto Market Bounces Back From Crash, XRP Increased By 20%

The crypto market bounces back from the recent crash while XRP’s price also settled above the $0.60 level. XRP’s price hit an intraday high of $0.64 which marks an increase of more than 20% from yesterday’s price as we are reading more in today’s XRP price news.

XRP’s price increased by 57.11% over the week and made it the third-best performing crypto asset of the week after Stellar and Horizen. In the meantime, Bitcoin increased by 5.67% to today’s high of $17,674 and ETH increased by 6.22% to the $539 level. The price of XRP is the third-biggest crypto asset with a market of $29.14 billion and hit $0.64 with an increase of 20.62% from yesterday’s price according to the data from CoinMarketCap.

The latest coin to recover from this week’s market crash and the price even increased by 57% from the weekly crash and made it the third-best performing asset behind Stellar and Horizen. Over the previous week, XRP increased the most from any other cryptocurrency. This is a new entered territory for XRP as it passed the $0.50 level for the first time since 2018. Since then, there were many ups and downs as the coin hit $1 on November 24 and the price crashed 20%. The downward spiral continued and dropped to $0.50 before regaining strength right after and rose above that level.

Bitcoin is the biggest crypto by market cap as it increased in the past 24hours by almost 6% to today’s price level of $17,674. Bitcoin’s price dropped by 5.43% over the week while the crypto market bounces back. In the meantime, the second-biggest crypto-asset increased by 6.22% to $539 close to the weekly increase of 1.36%. the market recovered slightly from the drop this week and the market cap increased by 7.15% in the past day. Coinciding with the crypto market crash earlier over the week was the S&P 500 drop from the all-time high and the Dow Jones retreat below the 30,000 points level.

As recently reported, The crypto market had a hard time today as it nosedived and $80 billion got erased from the total market capitalization, moments after Bitcoin plummeted below the $17,000 price range and other altcoins also crashed by double-digit numbers. The alternative coins enjoyed over the past few weeks and saw some incredible increases which led to making yearly records for many altcoins like Ethereum as it reached $620 and XRP $0.90.