Why is XRP Running?
XRP is outperforming the market, as far as I can tell this is excitement over Xrapid (Ripple’s answer to the SWIFT network) paired with Bitcoin and Ethereum drama.
In other words, XRP is showing strength in the midst of a crypto crash due to:
- Xrapid (same reason it has been running for the past weeks).
- Bitcoin Cash hash wars causing chaos with Bitcoin and Bitcoin-like coins (a large chunk of the crypto market) and SEC ICO drama causing issues with Ethereum and all Ethereum-like coins and tokens (AKA more than half the crypto market).
In words, remove BTC and ETH and all the coins emulating from the market and you end up with XRP and XLM. Those coins are doing well, and this isn’t hurt by Xrapid.
If something else is happening, I am unaware. However, I have to say it is nice to have some cryptos showing strength even on otherwise dark days, as it reminds us that you that while crypto can be severely maimed, it is essentially impossible to truly kill.
Author: Thomas DeMichele
Thomas DeMichele has been working in the cryptocurrency information space since 2015 when CryptocurrencyFacts.com was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...
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