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XRP outperforms with over 6% daily increase, even in pools of blood

The crypto market has recently recorded a number of devastating events. Since the market crash in May, cryptocurrency prices have seen different moves every week. Sometimes the price outlook is good, sometimes it’s bad.

From September 15th to now, market volatility has skyrocketed. Asset prices are more bearish than bullish. The merger resulted in a series of price drops starting with Bitcoin, which lost $1000 minutes after the upgrade.

Related reading: Investors Withdraw Ethereum Holdings Despite Successful Ethereum Merger

Ethereum and other altcoins also lost their gains and continued to trade in the red until Sept. 21. However, Ripple did not lose and continued to put their feet up.

Ripple’s XRP Price Continues to Rise

Ripple XRP has recently continued to add at least 6% daily.The history of XRP prices from the time of the market crash to today shows that the coin has yet to record a terrible plunge.From $0.3733 to $0.3421 continues to trade in the price range of months after the crash.

Ripple XRP is currently priced at $0.3968, down 5.20% over the past 24 hours and up over 17% in a week. Early on Sept. 21, the coin climbed above 6% before settling. This price increase marks three days in a row of continued additions.

On September 20th, Ripple XRP gained more than 6.38%, pushing the price to $0.3788. On the same day, that his 1-hour rise and his 7-day price rise are all green, indicating a positive trend. Following the uptrend, experts predicted that XRP could break above $0.40, which occurred today.

Ripple was also affected on the merger day, dropping to $0.3256 at the close of the market. However, a few days later, on Sept. 20, Ripple surged to his $0.38, and until Sept. 21, he began a three-day price rally.

It should come as no surprise that Ripple is adding amidst the carnage in the crypto markets. Judgment remains.

The battle that began in 2020 is coming to an end. Both Ripple and the SEC have asked federal judges for judgment. Recent events have launched positive market sentiment towards XRP.

Ripple’s XRP price is currently trading at around $0.40. | |Source: His XRPUSD price chart on TradingView.com

How will rate hike expectations affect the market?

Today is the long-awaited Fed meeting. The market is expecting another rate hike after a lengthy debate. Fear of consequences has left many cryptocurrency prices in the red.

For example, the Bitcoin price continues to struggle around $19,000.BTC is currently trading at around $19,263 TradingView price chart. Since September 21st, the price has continued to fluctuate.

Notably, the price started in the red but recovered a bit pushing the 1-hour and 24-hour gains to the green side. However, his 7-day price of Bitcoin is still in the red, showing a loss of 5.17%.

Ethereum and other altcoins also started in the red this morning. However, as of this writing, ETH is pushing to the green side, with he adding 0.84% ​​and 0.50% to the 1-hour and 24-hour profits. However, its 7-day drop put him still in the red at 15.35%, the leader among others.

Related reading: Report shows Ethereum could take another hit, but is it possible?

After today’s announcement, cryptocurrency prices may plunge or recover slightly. Sentiment could turn positive if the Federal Reserve holds 75 bps.

But if you pull it up to 100 basis points, the market will plummet.

Featured image from Pixabay and chart from TradingView.com

XRP outperforms with over 6% daily increase, even in pools of blood

Source link XRP outperforms with over 6% daily increase, even in pools of blood

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