XRP continues to rally as Bitcoin falls below $30,000


In 24 hours, the price of XRP token from Ripple increased by 6.5%. The asset is trading at levels near $0.79 (CoinGecko).

XRP continues to rally as Bitcoin falls below $30,000
Data: CoinGecko.

Over the past week, the coin has added 66% in price. XRP rally kicked off after court ruling in favor of fintech company in lawsuit SEC June 13th.

The growth of coin quotes from Ripple then pulled the entire market with it. After the correction, XRP continued to rise in price.

Bitcoin, against the background of the growth of the token, is trying to maintain the level of $30,000. In the second half of Tuesday, July 18, digital gold fell below the sign mark. At the time of writing, the cryptocurrency is trading around $30,100.

XRP continues to rally as Bitcoin falls below $30,000
Hourly chart of BTC/USD on the Binance exchange. Data: Trading View.

According to the results of the last 24 hours, all leading cryptocurrencies remained in the “green zone”. The market capitalization has not changed much and is $1.25 trillion, the dominance of bitcoin is almost 47%.

Recall, according to the head of Haun Ventures, Kathy Haun, the court decision in the SEC case against Ripple was “a good result for the industry.”

However, experts noted that the company’s victory was partial. Former regulator lawyer John Reed Stark called the court’s verdict “shaky.”

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