Cardano, Polkadot Enter the Top 5 Driving XRP to 7th Place


    Cardano(ADA) price an inch close to hitting $1 milestone, secures its stand in the top 5

    Polkadot with a massive rally follows ADA to secure its fifth position on the cryptocurrency ranking list.

    XRP price despite a significant surge of more than 10%, slides down to 7th position after BNB secures the 6th place

ADA, DOT Flipped XRP

Coinpedia earlier reported that the XRP’s 5th position then was under threat as Litecoin and Chainlink were on the verge to flip Cardano’s position. However, LTC and LINK were not fortunate and hence ADA and DOT served the purpose.

XRP ranked down

Cardano(ADA) price rallied high since the early trading hours gaining nearly 17% and on the verge to break the much-awaited $1 levels shortly. On the other hand, Polkadot (DOT) price also rallied nearly 4.17% surpassing $31 levels and secured an entry in the top 5. 

Ripple’s native token, XRP has slipped to the 7th position of the cryptocurrency ranking list first time ever since mid of 2014. XRP price had slipped a couple of ranks due to immense surge with DOGE price, yet regained very soon. 

Will XRP Price Spike Bring Back the lost Position?

The XRP price is experiencing more highs and lows in the present trading day as it has a more or less equal number of red and green candles. It seems that the XRP community is vague regarding the price movements.

The prime region of the price is currently $0.63 region, as whenever XRP hits these regions, immense selling pulls back the price around $0.55. Therefore breaking these levels would be mandatory for yet another bull run as predicted by an analyst Altcoin Sherpa.

If the XRP price yet again gets rejected from the levels mentioned above, then the probability of gaining the lost positions might be a little difficult. Until a major boost for the price which is required for a major bull rally is received, XRP may not enter the top 5 cryptocurrency list.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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