XRP is the Least Volatile Altcoins Among the top 10 Cryptocurrencies

Ripple’s native token XRP has been in the news for some years for the lawsuit it has been going through with the Security and Exchange Commission of the United States on whether it’s a security token. Some investors had thought that the price of XRP would be heavily and negatively affected. However, records have shown that XRP is the least volatile among the top 10 altcoins in the CoinMarketCap ranking of cryptocurrencies based on market capitalization. Let us now analyze the past seven days’ performance of these altcoins. Ripple XRP token At the time of writing, XRP traded at $0.5486, taking the sixth position in the ranking. The price of XRP has decreased by 9.8% in the past seven days. Ethereum (ETH) At the time of writing, the price of Ethereum was $2,464.35, giving the currency the second position in the ranking. The cost of Ethereum has decreased by 13% in the past seven days. Binance Coin (BNB) At the time of writing, the price of BNB was $343.95, making it the fourth-position holder in the ranking. The cost of Binance Coin has decreased by 12.1% in the past seven days. Solana (SOL) At the time of writing, the price of Solana (SOL) was $74.79 and was in the 7th position in the ranking. Solana’s cost has decreased by 16.7% in the past seven days. Cardano (ADA) At the time of writing, the price of Cardano is $0.6939 and is in the 8th position in the ranking. The price of Cardano has decreased by 12.3% in the past 7 days. Terra (LUNA) At the time of writing, the price of LUNA was $61.70, giving it 9th position in the ranking. The cost of Terra has decreased by 25% in the past seven days. Possible reasons for the low volatility of XRP On May 3rd, the trading volume of XRP was estimated at $1.46 billion, while at the time of writing, its trading volume moved up to $1.69 billion. This change signifies a 15.75% increase in the past seven days. An increase in buying pressure helped reduce the negative impact of a downturn on the market. Conclusion The coming weeks would show if XRP would maintain this record. However, more positive news and investors’ interest would ensure its reduced price volatility.

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