After the US election, Ripple's cross-border tokens experienced a massive surge: at one point, their value tripled to around $3.
All of these surges occurred over the course of several weeks, but the asset lost momentum in early December. In the following weeks, it fell sharply several times, most recently to below USD 2 last Monday (December 30). This occurred during the recent market-wide correction.
However, the popular crypto asset has responded well to this drop, rising more than 20% since then and now trading at around $2.45. Thus, #XRP has overtaken Tether's #USDT and regained its position as the third largest #cryptocurrency by market capitalization.
According to analyst Ari Martinez, XRP is still under a steep resistance line at $2.73. If this resistance line is not overcome soon, XRP could fall to US$2.05. However, Martinez believes that such a scenario would be unfavorable for XRP and could push XRP to all-time highs above $ 3.4 (CoinGecko data) and up to $ 11.
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