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Cryptocurrency rates up sharply! XRP falls down

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Tokeneo
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2 min reading

The top cryptocurrencies have appreciated strongly in the past 24 hours, following Bitcoin (BTC). XRP stands out from this group, which suffered a significant weakening as a result of successive unfavorable news from the market ...

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XRP is bleeding - exchanges stop trading

While most of the leading cryptocurrencies gained in value, one of the altcoins stood out from the rest of the group, experiencing a strong price drop. XRP has lost more than 12% of its value in the last 24 hours and about 45% in the 7-day range.

XRP price chart, source: coinmarketcap.com

Trading of this altcoin has been suspended on several major exchanges - including Bittrex and Coinbase. This was the result of a lawsuit filed against Ripple Labs by the US Securities and Exchange Commission. Although some platforms have suspended trading in this cryptocurrency until further notice, it is worth noting that they have not completely removed XRP from their offer. However, this information caused panic in the market, which in turn translated into the price of this altcoin.

As it turns out, in the last hours when XRP was bleeding heavily, it was overtaken by Litecoin in terms of market capitalization. Currently, however, this cryptocurrency has regained its position.

Cryptocurrency rates up sharply

As for other projects, these have experienced a significant revival in their charts. For example, the increase in Ether was over 3%, moreover, this cryptocurrency gained nearly 20% in value during the week. Yesterday's session was closed with a slight price change. The ETH is currently hovering above $ 731 per coin.

Polkadot did even better - this in turn increased by nearly 12% in the daily range and by over 45% in the last 7 days.

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