Bears rush collective market as XRP looks to hold firm

Bullish predictions for the collective market led to two successive trends which have since subsided leaving major coins in red. XRP, the second largest altcoin in the market, felt the brunt of the market downturn and recorded a 0.12 percent decline against the US dollar in a 24-hour window.

At press time, the cryptocurrency was trading at $0.315. The market cap of the coin stood at $13.08 billion, trailing Ethereum [ETH] for the top-altcoin spot by over $1.5 billion.

ZBG takes the top spot in terms of global XRP trade volume, accounting for 10.69 percent of the total volume in the trading pair XRP/USDT. Other prominent exchanges include ZB.com, Fatbtc, and Bit-Z.

Reference: https://ambcrypto.com/xrp-usd-price-analysis-bears-rush-collective-market-as-xrp-looks-to-hold-firm/

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