XRP not showing performance you would expect from it
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
XRP's poor performance could be attributed in part to Bitcoin's overwhelming dominance, which has increased to about 60%. Other assets likefind it difficult to keep up, with Bitcoin's increasing share of capital inflow since investors are more likely to park their money in BTC in order to profit from its surge.Due to Bitcoin's dominance, money from altcoins is frequently redistributed, which lowers the price action for assets like XRP.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$1.33 Billion in XRP in 24 Hours, Can It Trigger XRP Rally?XRP witnessing drama in trading activity today
Read more »
XRP Rockets 800% in Fund Flows as XRP Price Goes ParabolicXRP sees explosive 800% growth in fund inflows, while XRP price enters what may be ultra bullish mode ahead of SEC v. Ripple appeal deadline
Read more »
Mega New XRP Whale Born With 104 Million XRP Shift: DetailsNew XRP whale's entry into market comes at significant time
Read more »
Bitnomial sues SEC over XRP futures, challenges agency's continued claim that XRP is a securityThe SEC contacted the exchange to express that it would be violating federal securities laws if it proceeded with the XRP futures listing
Read more »
$1 Billion XRP in 24 Hours: Why Is XRP Price Still Down?This recovery has not yet been mirrored by XRP
Read more »
XRP Price Might Be in Danger Zone: Possible ScenariosXRP price faces free fall threat: Bad XRP news incoming?
Read more »