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Ripple Surge — Analysis

Cryptomarket saw a voluminous crash on November 15, billions of dollars were erased from the market capitalization.

Some currencies have recovered the loss partially. Some are still smoking. A few have broken even. XRP stands out in the survivors.

The currency has done quite well for itself in the 3 days since the crash. It broke even, surpassing the pre-November-15th USD price.

XRP Charts
Source: CoinMarketCap

XRP has been holding the number two spot for days now and the gap between it and Ethereum, the third in the race, is widening. Currently, the gap is $2 billion.

All other Top 10 currencies are still licking their wounds and ruffling their feathers for a bull run to compensate the losses of this week’s horror episode.

Top 10 Currencies
Source: CoinMarketcap

Like all other cashes and surges, we don’t know what’s causing this pump.

Critics and enthusiasts are trying their best to come up with a story that fits but we all know that it’s not in the mood of cryptocurrencies to be judged.

Fun fact: XRP’s USD price on this day last year was $0.22. At the time of writing, 0.51. More than double.

Sarim Mehmood

An electrical engineer to be. Sarim is a blockchain & crypto enthusiast and an early investor in ETH and Ethereum based projects. Contact the editor at editor.opinions@blockpublisher.com

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