This is not the first time Ripple (XRP) has been a victim of hindered gains thanks to indecisive Bitcoin (BTC) price movements. However, the fact remains that Bitcoin leads the show in crypto markets and almost all coins follow its lead. This is because most cryptocurrencies are paired to Bitcoin on large exchanges. So, if the price of Bitcoin goes down, the price of other coins like Ripple (XRP) goes down. Ripple (XRP) which is the third largest coin by market cap is up almost 5% at the time of writing. This growth has been a lot more exuberant in the past few days when Ripple received a big boost in anticipation of a market recovery. However, the excitement fizzled out when Bitcoin (BTC) proved to be indecisive once again.
Read more on this analysis here: cryptodaily.co.uk/20...ow-ripple-xrp-rally/
Read more on this analysis here: cryptodaily.co.uk/20...ow-ripple-xrp-rally/