Ripple (XRP) Is This Week’s Best Performer With 18% Gains (Market Watch)

Bitcoin started a small rally in the last 24 hours, but stopped in its tracks and is now on the verge of breaking below $19,000.

Most altcoins sit quietly with minor daily losses. However, on a weekly basis, XRP has emerged as the best performer of the major highs.

Bitcoin To Test $19,000 Support?

The price of the major cryptocurrency surged last week when it hit a three-week high around $20,500. Although it failed to continue higher, it remained above the coveted $20,000 line for a few days.

However, the picture changed when the latest US jobs report came out. While it beat expectations, it sent BTC hard south and the asset dropped almost $1,000 in an hour or so.

The weekend brought more pain as bitcoin fell below $19,300. It rebounded and jumped to $19,600 hours ago, but the bears came back into play and pushed it back south to just over $19,000, a new weekly low.

Its market capitalization has been less successful, falling below $360 billion, while its dominance over altcoins remains at 39.5%.

BTCUSD.  Source: TradingView
BTCUSD. Source: TradingView

This week’s XRP winner

Saturday’s low trading volumes continued on Sunday as well, with most altcoins remaining calm.

Ethereum has lost another 1% in the last 24 hours and is now just inches above $1,300. Solana, Polkadot and MATIC have shown similar performances.

While XRP is also down 0.5% in the past 24 hours, the asset is up roughly 18% over the past week. As such, it is the best performer of the larger-cap highs and trades above $0.50.

Again on a daily basis, BNB, Cardano, Dogecoin and Shiba Inu have seen further losses of up to 2.5%. QNT was yesterday’s top gainer, but is now down 7%.

The cumulative market capitalization of all crypto assets has lost about $10 billion in one day and is down to $930 billion.

Cryptocurrency Market Overview.  Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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