Despite the large declines in the altcoin market, Ripple’s ( XRP) depreciation at a much lesser rate attracted attention.
In the morning hours in Bitcoin ( BTC ) there was a momentary decrease. But the impact of this drop on altcoins has been much greater than in the past. The reason for this situation was the statements made by the institutions about altcoins recently and the step back from these cryptocurrencies. While almost the entire altcoin market saw drops of more than 20 percent, XRP only saw an instantaneous drop of 12 percent. If we look at the current situation XRPIt has recovered and has decreased by only 8 percent since yesterday.
How Ripple (XRP) Succeeded in Standing
Institutions that made a large amount of sales also made sales in major coins. But XRP was not among these coins. The long-standing lawsuit with the SEC The Ripple front continues to take the case to the fore. This event made the crypto investor’s view of XRP even more positive. Thus, less sales were made in XRP compared to other altcoins.
While most altcoins have lost 20-30%, XRP has only dropped 12%. The popular coin, which recovered quickly after this decline, became one of the rare projects that managed to survive despite the events of the last days.
