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With the leading cryptocurrency Bitcoin surpassing the $30,000 price level, the crypto market started the day with an upward trend. Ripple (XRP), which has experienced a strong upward momentum in the past week, has gained momentum in value increases after the market started to rise and has once again surpassed a critical resistance level.
Crypto Market on the Rise
Although the crypto market started the week with a decline, it started to rise again in the morning. The leading cryptocurrency Bitcoin (BTC), despite starting the day with an upward trend, has started to consolidate around the $30,000 price level in the past week. The total market value of the crypto ecosystem reached $1.22 trillion after the recorded increases during the day, according to CoinMarketCap data. Ethereum (ETH), on the other hand, started trading at around $1920 with a low increase of 0.5% in the past 24 hours.
Meanwhile, Stellar (XLM), Chainlink (LINK), dYdX (DYDX), and MATIC recorded significant increases in value during the day and stood out among the top-performing cryptocurrencies.
XRP Surpasses Critical Resistance Level
Following the historic decision in the Ripple case, XRP initiated a strong rally in the past few days and gained upward momentum in the past week. With the rise of the crypto market, XRP accelerated its value increases and managed to surpass the $0.8 resistance level in the past 24 hours, reaching price levels of $0.84 during the day.
During this period, XRP also became the top-performing cryptocurrency in terms of percentage increase among the top 100 cryptocurrencies with the highest market capitalization, according to the latest CoinMarketCap data.
