XRP Price Status Quo can let Ethereum Reclaim the #2 Market Spot Again

xrp

TheMerkle XRP Price Jump

The fact that Bitcoin hasn’t capitulated yet is quite an impressive milestone in its own regard. Because of this ongoing trend, alternative markets are rising in value accordingly. The XRP price is not budging all that much, though, and it seems likely it will drop back to #3 in the market cap rankings fairly soon.

XRP PRICE REMAINS AT A STANDSTILL

Positive Bitcoin price momentum usually bodes well for alternative currencies. In the cryptocurrency world, that is usually the unwritten rule. This weekend has proven that is not necessarily always the case. Several markets lose value in Bitcoin or fail to note any real gains of their own. XRP is, surprisingly, one of those markets which simply needs to catch its breath.

Although today will not be a repeat of yesterday, the Bitcoin value is still rising. Over the past few months, that has proven to be problematic for XRP. With a 0% change in USD value and a 1.53% loss over Bitcoin, it appears Ripple’s native asset isn’t moving much. It also lost the $0.31 level again. At this rate, Ethereum will reclaim the second spot in market cap rankings without much effort.

It would appear a few interesting developments have taken place behind the scenes of XRP once again. Supaahiro decided to set up an XRP ledger validator, a process which is seemingly pretty straightforward. As such, this new validator is now live on the network and can be used by anyone without too many problems. More validators will lead to even further decentralization of this ledger over time.

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