XRP shoots up by 4.72%; enters the ‘maximum hike’ club

The cryptocurrency market has been in a bearish loop ever since Bitcoin [BTC] crashed amidst the Bitcoin Cash [BCH] hash-war started. However, XRP, now the second-largest cryptocurrency in the world has proved to be coping really well post the bear-assault. $0.47 with a market cap of $19 billion. The total 24-hour trading volume was observed at $874.6.

At the beginning of the day, XRP started trading at $0.45 where its market cap was recorded at $18.3 billion. The coin experienced a major downturn and plunged to its lowest at $0.43 with a market cap of $17.42 billion. Despite this, XRP regained its momentum and took a flight to maintain a decent market price by gaining a market cap of over $1.5 billion.

However, this is not the highest point touched by XRP across the day. The token went on to trade at as high as $0.48 with a market cap of $19.53 billion.

Under XRP ecosystem developments, the advancements and updates in the XRP TipBot app have claimed the spotlight. Of late, the creator of the app has worked incessantly to develop multiple features for the TipBot users. Today, Wietse Wind, the developer behind the micropayments platform announced a new feature for those who want to use TipBot but do not have social media accounts.

Another big success achieved by XRP is its victory over Ethereum [ETH], who was earlier the second-largest cryptocurrency, prior to XRP’s overtake. This is one of the few times that XRP has sustained its spot as the second-largest token, above Ether without sliding below.

One of the Redditors, named kenta, regarding the XRP market stated:

“I think this may be the longest XRP has ever held the #2 spot. It is out performing all the top dogs in this slump. I won’t say we are decoupled, but utility obviously keeps XRP floating better than others in a bear market. Edit: Correction. It was once #2 for 11 days according to others.”

604WeekendWarrior, another user on Reddit and a cryptocurrency space enthusiast responded:

“definitely. It just ‘feels’ different this time.”