Kataryna Kovtun August 4, 2020
XRP (Ripple) returned to the third place by market capitalization
XRP has largely lost ground over the past few months. However, thanks to the Bitcoin rally, the cryptocurrency reached an annual high, and XRP (Ripple) returned to its third place by market capitalization, pushing Tether one position down.
As a result, the total market capitalization of XRP reached $ 12.7 billion, increasing its advantage over the most popular stablecoin Tether by about $ 2.7 billion.
After a rise to $ 0.29, XRP, along with the general cryptocurrency market, went into correction and rolled back to $ 0.27. At the time of this writing, it was trading at $ 0.28, which suggests that demand for XRP is growing as optimism has returned to traders.
Perhaps this is since crypto enthusiasts expect a further rally in Bitcoin to $ 20,000, which will undoubtedly provide a serious rise in the price of altcoins.
Also, people gradually got used to the amounts that Ripple releases to the market from the company’s escrow account. They have approximately the same amounts and specific dates, which makes it possible to build your trading strategy more predictably.
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