XRP, one of the most popular cryptocurrencies in the market, is currently underperforming compared to other top 10 crypto assets. Despite recent gains, XRP has only experienced a modest 0.8% increase, while major cryptocurrencies like Bitcoin and Solana are seeing significant upward momentum.
The top performer among the top 10 cryptocurrencies is Dogecoin, which has soared by 23.2% in the last seven days alone.
The lack of movement in XRP’s price can be seen as a bearish sign, indicating that the token is not attracting much attention from investors. This can be partly attributed to the increase in Bitcoin’s dominance, which has surged to 60%.
Currently, XRP is trading at $0.5206, showing a 0.8% decrease over the last 24 hours. The trading volume for XRP has increased by 5.80% in the last 24 hours, reaching $1.083 billion, indicating a recent surge in market activity.
Bitcoin, on the other hand, has managed to reach the $73,000 mark, reflecting a period of strong optimism in the market. Its market dominance has surpassed 60% for the first time since April 2021, indicating that Bitcoin is outperforming altcoins.
It’s important to note that the views and opinions expressed in this article are for informational purposes only and do not constitute financial advice. Investing or trading cryptocurrencies carries a risk of financial loss.