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XRP has been on fire for the last 48 hours. In fact, yesterday, the coin briefly took Ethereum’s place as the second largest cryptocurrency per market capitalization after it surged by 20%. While the cryptocurrency is currently correcting lower. This move is another evidence that it is indeed a worthy competitor and the effort by Ripple and the entire XRP community is reflecting on the coin. Why Did XRP Surge? There are two speculations regarding why the price of XRP surged. For starters, the leading cryptocurrency per market capitalization, Bitcoin was green against the USD. Everyone know this has a ripple effect on other coins. Secondly, XRP has had strong fundamentals for the past few months. Ripple Labs has been working tirelessly to promote mass adoption of its technology and the XRP token. XRP (XRP) Price Today – XRP / USD Name Price24H (%)$0.458824 -0.22% Ethereum, the long-time second largest cryptocurrency per market capitalization had fallen from $1,400 to $215 within this..
The cryptocurrency market has been bearish for a while now. Cryptocurrencies have hit lower lows due to the bearish pressure in the market. For this reason, price surges caused by bulls are highly needed and appreciated by the cryptocurrency community. The past 24 hours have been marked by such a surge. Starting, from Bitcoin (BTC), there has been bullish pressure in the market. Of all the coins that have recorded gains, Bitcoin Cash (BCH) has recorded the highest gains against the USD. Bitcoin Cash (BCH) Price Today – BCH / USD Name Price24H (%)$6,476.99 -0.29%$440.98 -0.32% Bitcoin Cash (BCH) Price Analysis Between Sunday and today, Bitcoin Cash has gone up by up to 32%. Yesterday evening, the cryptocurrency traded as high as $623 hitting a two-month high. The fourth largest coin per market capitalization is still on a bull run this morning even if the price has corrected lower by a few points. The price surge is noteworthy because Bitcoin Cash was hovering around $425. It hit thi..
The digital currency market has been under bearish pressure over the past two days, leaving most of the coins in the red. Nevertheless, the bears seem to have lowered their shields a bit for the bulls, as all the top digital currencies in the market are in the green. Bitcoin (BTC), which declined below the $6,400 mark, has now significantly recovered, but the digital currency is still facing its previous hurdle points close to the $6,800 mark. Bitcoin (BTC) Price Today – BTC / USD Name Price24H (%)$6,639.98 2.4% At the time of writing, Bitcoin (BTC) is changing hands at $6,710 after an increase of more than three percent over the past twenty-four hours. The digital currency currently boasts of a market cap of $116.03 billion and its trading volume over the past twenty-four hours is $4.72 billion. Bitcoin (BTC) Price Technical Analysis The longer-term 200 simple moving average is still over the 100 simple moving average to indicate that the path of least resistance is heading downwar..