Summary
• Ripple (XRP) has unseated its counterparts to be one of the best-performing altcoins in the market at this time, outperforming Bitcoin (BTC) and Ethereum (ETH).
• XRP has attained more than 16% in value in the last 7 days and hourly gains of over 3%, currently trading at $0.44.
• The surge in prices comes as XRP community awaits summary judgment on the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC).
Ripple Leads Market Performance
Ripple (XRP) has outperformed leading assets Bitcoin (BTC) and Ethereum (ETH), despite the majority of the market recording significant daily and hourly losses. According to market data, Ripple (XRP) has attained more than 16% in value in the last 7-days, while hourly gains surge past 3% at report time. Saturday 25th Feb, most altcoins are still in the red zone, after experiencing a pushback in price value, as selling pressure increased in the last week. However, as a select few altcoins attempt to make a recovery, and revisit previous levels, one is showing itself to be the most promising at this time.
Ripple Unseats Its Counterparts
Ripple (XRP) has unseated its counterparts to become one of the best-performing altcoins in the market at this time. Currently, it is ranked 6th by market cap with USDC coming close behind it. The altcoin has notably outperformed other bigger assets like apex cryptocurrency Bitcoin (BTC), and second most valued crypto by market cap Ethereum (ETH). According to recent data, over a period of 7 days Ripple(XRP) emerged as highest-gaining asset amongst top 100 cryptocurrencies list following which it also made its mark within top 50 list with highest gainer title within 24 hours. Over 7 days’ period XRP secured gains going up 16% & 24 hour gains surging above 3%. Prices currently sit at $0.44 per token at report time.
Whales Stack Up In Anticipation Of Case Win
The surge seen by XRP amidst push back from SEC makes it an anomaly amongst other assets which are struggling to exit red zone whereas Bitcoin & Ethereum are down 1-1.55% respectively within last hours with prices sitting around $27452 & $1745 for both tokens respectively . This sudden increase comes as whales stack up their bags anticipating case win for ripple against US securities exchange commission , where summary judgement is awaited from court .
Conclusion
As noted by popular Twitter user CryptoBull2020 , XRP broke out from sideways action which was prevailing since past 4 months & will continue its bull run if court rules out verdict favouring ripple . Although no outcome can be predicted right now but investors should keep watch on news related to this case further strengthening their position towards investing upon right opportunity .
