Ripple (XRP) price is rising sharply while crypto market lags behind

Hoofdanalist: XRP en QNT koersen schieten omhoog, even opletten

Calm has returned somewhat to the crypto market after the FTX crash. In the past 24 hours it was even extra quiet due to Thanksgiving in the US, which leads to very low trading volumes.

Nevertheless, we have a remarkably hard rise in the crypto top 10 today. Most other crypto prices, however, turn red, although it is not too deep. Total market capitalization is down 0.6% to $863 billion.

Bitcoin back in the same range

Bitcoin (BTC) broke the new low of $15,500 and moved back into the area between $16,500 and $16,700. This morning, bitcoin dropped slightly below that, but seems to have found support around $16,400 for the time being. Bitcoin comes in at $14,470 at the time of writing, down 0.6% today. However, the selling pressure seems to be increasing.

Ethereum price drops by 1.7%

Ethereum (ETH) is again falling slightly faster than bitcoin. The ether price rose above $1,200 yesterday, but has not yet managed to hold there and dipped to $1,175 this morning. At the time of writing, ETH is recovering to $1,180, but is still down 1.7% today.

Cardano (ADA) is falling even harder today and is down 1.9% today at $0.312. Polkadot (DOT) and polygon (MATIC) are both down more than 3%. Dogecoin (DOGE) rose slightly this morning, is up 0.5% today and is at $0.82.

XRP price rises by 8%

Ripple (XRP) is the big exception today and is up no less than 8%. XRP held around USD 0.38 yesterday and then surged to USD 0.4, but initially struggled a bit. This morning, XRP broke through and hit a high of $0.418. At the time of writing, XRP is trading at $0.411.

Huobi token rises by 9%

Yet XRP is not the fastest riser in the crypto top 100 today. That honor goes to huobi token (HT) from the crypto exchange of the same name. The HT price is up 9.2% today and just touched $5.85.

Most crypto colors red today

However, most other crypto from the top 100 turn red today. At the top of this list, we find litecoin (LTC), dash (DASH), maker (MKR), apecoin (APE), and chiliz (CHZ) all down nearly 5%. Synthetix (SNX) is even down by almost 6%, radix (RDX) by 7% and leo token (LEO) by 8%.

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