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XRP Hits Downtick Following Its Recent 37% Hike

The surging crypto market for the past week has influenced XRP’s spectacular growth. In the past day, the price value of XRP gained $0.91 with a market capitalization of $41.15 billion.

But today, at the time of writing, XRP has slightly dipped from $0.91 to $0.86. Its price has decreased by 2.2% in the past 24 hours. Despite the coin hiking up to the highest value of $0.9 today, the overall performance of XRP remains slow.

XRP Hits Downtick Following Its Recent 37% Hike 3 XRP/USDT 1-day chart (source: TradingView)

On the last day, Santiment, a market behavior analysis platform, tweeted a post on XRP surge in the past 4 days.

🥳 $XRP is +37% the past 4 days, and finally is reacting to its daily active address uptick that started in mid-January. #XRPNetwork‘s coin currently sits a tick above $0.82 and is outputting the same addresses as it did in early November at $1.18. 📈https://t.co/HN1kNwa5CE pic.twitter.com/mjIBLWnsjx

— Santiment (@santimentfeed) February 8, 2022

As of yesterday, XRP has been covering a 37% uptick for four days. The token also reacted to its daily active address uptick that started in the mid of January.

As part of its redemption arc, XRP has once again become the sixth-largest cryptocurrency in the world with a market capitalization of $41.26 billion. Bitcoin (BTC) maintains the lead with a $43,577.9 price and market capitalization of $828.2 billion. Ethereum (ETH) holds the second with a price value of $3,090.8.

However, the past 24 hours indicated a slight downtick for coins like Bitcoin, Ethereum, Tether (USDT), Binance Coin (BNB), Cardano (ADA), Solana (SOL), etc. Meme coins like DOGE and SHIB moved down by 5% and 5.63% respectively.

Meanwhile, XRP still keeps its eye on reclaiming the $1 territory. Since its upward trend in the middle of January, many crypto HODLers have been looking for the next rise in XRP price. Moreover, the coin keeps competing with Cardano and Solana, which are just behind XRP with slight market cap variations.


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