XRP bouncing back faster than its peers after crypto market downturn
XRP is seeing the strongest relief bounce on Friday among its peers following the broad market downturn in crypto.
XRP hit its lowest mark since 2024 on Thursday, but the price of the cryptocurrency has increased roughly 20% in the last 24 hours, outpacing bitcoin and ethereum, which have seen 6.5% and 5.2% gains, respectively. dogecoin has climbed 8% and solana is up 5% in the same period, data from CoinGecko shows.
XRP’s “price tends to amplify market movements,” Kaiko research analyst Thomas Probst told Sherwood News. “Markets are experiencing a phase of liquidity contraction with increasing volatility. Therefore, rebounds can be frequent, even if they are rarely sustained over the long term.”
The relief comes amid…
