XRP has demonstrated remarkable resilience this week, sustaining its price growth. Despite the irregularities in Bitcoin’s price during the same period, XRP has remained steadfast.
It has emerged as the torchbearer among the most capitalized digital currencies, boasting a growth of 7.94% in the trailing seven-day period.
Read Also: XRP Surged by Over 8% Today – Here’s Why
With XRP’s impressive performance thus far, the question of whether it will end the week in gains becomes a key point of interest amidst the growing volatility. While different cryptocurrencies exhibit varying growth rates, Bitcoin has experienced a decline of 0.94% in the past 24 hours, breaching the significant support level at $27,000. Currently trading at $26,951, Bitcoin’s trend is closely monitored as it can impact other digital currencies, including XRP.
Although XRP has shown signs of decoupling from Bitcoin, there is a possibility that its price may trail the leading cryptocurrency in the short term. Market participants should be prepared for this potential scenario.
Why Is XRP Still Standing
Despite facing significant challenges, XRP has managed to showcase an impressive performance during the first quarter, as highlighted by a recent Messari insight. The data reveals positive indicators pointing to an upswing in activity, with a notable surge of 13.9% in daily active addresses and a 10.7% increase in daily transactions. XRP has successfully maintained its relevance as a payment token, demonstrating resilience and looking beyond its ongoing legal battle with the U.S. SEC.
Currently, XRP is up by 4% with a trading price of $0.4640.
Read Also: Ripple CTO Addresses Claims of Payment for XRP Listing on Coinbase