Market Cap:
$290.2B
BTC Dominance:
56.5%
btc:
$9279.00
eth:
$269.40
xrp:
$0.44
Advertise
Cryptocurrency

Ripple price analysis - XRPUSD gains 3.25%

GKFX | May. 13, 2019
Ripple price analysis - XRPUSD gains 3.25%

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. 

Ripple price analysis, XRPUSD gains

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.

Disclaimer

This article was provided by analysts at GKFX. The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you, then this should be solely at your discretion, and GKFX will not be held accountable in any way.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.