The price of XRP recovered remarkably after the BitMEX crash, which led to heavy liquidations. Now, XRP is the best-performing coin among the leading 5 assets.
Bulls Regain Momentum after BitMEX Crash
XRP regained its footing, standing at $0.32, keeping most of the gains from the past day. The price was surprisingly not hurt by the event where XRP fell to $0.14 based on low liquidity on BitMEX. But this one-off trading event did not divert the asset from its bullish trajectory.
The trading volumes for XRP, however, are slightly slowing down from their peak, at below $6 billion in 24 hours. Ripple’s asset, however, managed to keep most of its weekly gains, boosted by never-ending optimism. Even the move to $0.32 is just a small part of the expected breakout.
#xrp next stop 40¢ pic.twitter.com/j1is9RAWCg
— rü$╫ (@MyroneBagalay)…
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