May 13, GKFX – Despite the modest selling pressure surrounding the top cryptocurrencies on Monday, Ripple seems to be outperforming its rivals with the XRPUSD pair gaining 3.25% at 0.3212 as of writing.
Ripple price opens new week on a strong footing
The decisive 5.6% upsurge witnessed in the pair on Saturday lifted it above the 0.3 psychological threshold. Although the pair retraced a large part of its gains on Sunday to post small losses for the week, it opened the new week on a strong footing. According to coinmarketcap.com, Ripple's market capitalization is currently around $14 billion compared to $13 billion on Sunday.
Meanwhile, following last week's rally led by sharp gains in Bitcoin, the crypto market seems to have lost its momentum on Monday paving the way for a technical correction, which could cap the XRP's gains in the near-term.
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