Ripple up 3.07% as all of top five crypto currencies rally

Ripple

How Did the Fab Five Finish?

Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone up 1.48% in aggregate. Leading the way was XRP, which yielded holders a return of 3.07% from the day prior. As for the worst performing crypto out of the Big Five, yesterday that was Ethereum; it came in at up 0.02%. Out of the five coins observed here, all five cryptocurrencies were up — which is nice for those bullish on cryptocurrencies as a whole.

Interested in trading these currencies? Some brokers to try: CoinDirect, Gate, Yobit, Stex, Binance, DDEX

Key Technical Moves

It should be noted that the price behaviour of XRP is especially curious, as its move yesterday was much larger than its normal daily trading range. Traders may also wish to bear in mind the following events going on regarding current price patterns:

  • Seeking momentum? Litecoin has been in a clear uptrend for the past two weeks.
  • If you’re looking for coins void of a clear directional trend, look no further than XRP, Bitcoin, Bitcoin Cash, and Bitcoin Cash. Those coins haven’t had a clear price trend over the past 14 days.

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What Does Transaction Data Tell Us?

The blockchain that saw the most transactions recorded on its blockchain over the past day was Ethereum; its 912,218 transfers added was about 5% greater than the transactions recorded on Ripple, which was the runner up for transactions logged on its chain over the past 24 hours. Ethereum has a transaction fee greater than the transaction fee of Ripple, which may indicate that consumers are opting for Ethereum in spite of its higher fees. Over the past 24 hours, the largest transaction across all blockchains occurred on Bitcoin, coming in at a value of $112,774,296 US dollars. The circulating value of all Bitcoins now comes in at approximately $161.66 billion US dollars — which means Bitcoin accounts for about 57.08% of the entire cryptocurrency market.

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