Cryptocurrency market update: XRP bulls defend $0.33 amid broad crypto correction
|- Corrective mode sets in, as weekend love for the cryptos vanishes.
- Ripple least affected amongst the top 3 most favorite crypto coins.
- Ethereum rallies 26% so far this week, steals the show.
Top 3 coins’ price overview
- Bitcoin (BTC/USD) keeps its side trend intact within a 100-pips trading range on the 10k mark, as the bulls gather pace for the next push higher. The coin consolidates the recent upsurge to a five-month high of 10,511.86 reached last Thursday. The most widely traded cryptocurrency is down over 1% so far, ranging around 10,240 and enjoying a market capitalization of $186.27 billion.
- Ethereum (ETH/USD), the second widely traded digital asset, with the current market capitalization of $30.88 billion, trades with moderate losses near 282.50 level. The corrective slide from a new seven-month high of 288.70 stalled just below the 277 mark. Since then, the price is seen hovering in an $8 range, still gaining 4% over the last 24 hours and remains on track to book a whopping 26% weekly gain.
- Ripple (XRP/USD) extended its bullish momentum into a fifth straight trading session on Saturday and clocked a fresh seven-month high at 0.3466 before reversing sharply to consolidate the rally above the 0.33 handle. As a result, the spot formed a long-legged doji on the daily chart, now suggesting bullish exhaustion. At the press time, the No. 3 coin trades around 0.3350, down 0.45% on a daily basis while gaining 21% over the week.
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