XRP Leads Charge As Market Struggles To Find Footing

Sep 26, 2018 at 19:16

Ripple (XRP) is surging as the cryptocurrency market tries to stay above the $210-billion mark in total market capitalization on Wednesday.

XRP started the day at the $0.45-level as market cap amounted to $207 billion, seemingly pointing to another bearish trades. The market dumped around $20 billion since Sunday.

However, the third largest crypto crept higher into early morning trades to bounce back above the $0.50-mark and tried to maintain a steady climb for most of the day.

As of this writing, the XPR/USD pair fetched a price of $0.529877, up 17.10 percent as trading volume continued to pick up in the past 24 hours.

During the week, XRP’s climb has been fueled by positive sentiment about xRapid and Coil payments using XRP, according to analysts.

TRX founder Justin Sun had attributed the token’s improving performance to the support of PNC Bank on the Ripple protocol.

In today’s trading, analysts have pointed to Coinbase’s teaser of expanding its coin listing.

Coinbase, a global crypto exchange based in San Francisco, is looking to add more assets based on compliance with local law and “by satisfying listing requests in a jurisdiction-by-jurisdiction manner”

Currently, it only supports Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.

While the exchange did not say any specific token, XRP investors have long been clamoring to include the third largest crypto in its roster.

As for the other tokens in the market, the legacy Bitcoin started on a sour note, falling below $6,400 before it traded at a range of $6,380-$6,480.

As of this writing, BTC managed to eke out a 0.79 percent increase to $6,481.15. Total market cap reached 213.185 billion as of this time.

The top 30 coins were mostly in the green, except for Dogecoin and Decred, which were down 0.57 percent and 0.06 percent, respectively.