Ripple, the name alone is sufficient, the largest Altcoin by market cap, a resilient attitude at the time of chaos and crisis. XRP stood its ground when the market was crumbling down, but all good things come to an end. The Altcoin too suffered impact caused by the crashing market, unable to surf in the rough tide the graph of the coin ended up going downwards.
The last month of the year 2018 is turning out to a bad month for the crypto community, with the price of Bitcoin taking big hits all the Altcoins are also facing a similar fate as the year is coming to an end. When compared with the current place of the coin the week started off with a good price and market cap.
The market cap at the starting of the week was at $14,535,546,341 and the price was floating around $0.360. That was the position of the coin before seven days from now. All the coins in the market had similar fluctuations; the day will start off in a high note and a sharp fall will be witnessed towards the end of the day, the same happened with XRP.
Starting the week with a reasonably good market cap and price the coin was not ready for an improving graph, for that matter, not a stable graph was attained. As the first day progressed the coin attained gained some momentum in the small spike was witnessed in the middle part of the day. As a result of the spike, the market cap of the coin reached $14,451,051,036 and the price also reached $0.3583 and after that, the coin maintained a stable graph for some time. The second day got ever with a positive note which was carried forward to the next day. Just before the end of the first day, the coin started to climb uphill for a moment that resulted in the market cap of $14,554,869,322 and the price also increased to $0.360.
The next day of the week saw the coin racing towards the bottom, market cap and the price of the coin was going down by the hour. In the morning hours of day two, the market cap of the coin went as low as $13,950,972,708 and the price reached $0.345. After that the wave the coin failed to surface, market cap and price after that fall continued go downwards with a momentary rise in the graph. As the show was about to close for the night, the market cap of the coin was at $13,731,943,231 and the price was at $0.3405.
There was no improvement seen in the graph for the next couple of days, the coin continued to fall down. December 6th, the graph saw a sudden surge in the morning hours of the day, market cap reached $13,811,896,412, the price reached $0.3424 a slight improvement but that was the sign the crypto community was waiting for. But it didn’t last long, the coin continued to explore the depths of the crypto market when the day was coming to an end. Market cap at the end of the day was at $13,131,676,250 and price reached even lower when compared with the previous day ending, $0.3256 was the price when the day ended.
Friday the 7th, there was no improvement in the performance of the coin; the crypto community didn’t see any happy signs on the last day before the weekend. If a spike is seen then it is followed by a drop much lower than the starting point of the day. The day ended with the market cap of $11,879,106,445 and the price was at $0.2945. If you have observed the previous prices mentioned then you surely will know how low the coin has reached.
Long sad faces of Friday saw smiles the following day, Saturday. It looked like the resilient attitude took over the day, the coin was constantly climbing. A properly controlled ascent, the sight of a stable market was around the corner. A gradual rise in the graph made the market cap to reach $12,999,486,833 and the price stood at $0.3177, not great numbers but still, it’s an improvement. The day was looking good for the XRP followers and a steady graph was attained when the coin packed up for the day’s end. $12,465,222,869 as the market cap and $0.3045 as the price the day was called off for the coin. During the evening hours of the day, the coin suffered a small damage in the graph which resulted in the market cap to reach $12,260,066,161 and price was $0.299, that fall was controlled and the day ended with the hope of seeing a stable market.
The coin started the climb in the early hours of Sunday, the coin reached a market cap of $12,720,158,381 and the price was at $0.310. After that spike there was no looking back, the coin make the tough climb while the followers were cheering for it to reach the top. A stable graph until the end of the day and this time before the curtains went down the coin’s attitude was witnessed and the climb continued. The price and market cap reached by the coin was not historical but line to highlight in the books of crypto history. The day ended, XRP soared, market cap $13,102,535,420 and the price settled on $0.320.
The first day after the weekend the coin is fighting for a stable graph, early hours of the day witnessed a sudden drop followed by a spike. The fall caused the coin to reach $12,776,377,757 in market cap and the price reached $0.3121. The spike followed by the fall helped the market cap to attain a reasonable value. The present market cap of the Altcoin is at $12,644,301,237 and the price is at $0.3089.
The coin can reach a stable point or even spike through the roof, but at the present, things are uncertain. The day may turn out to be good or better than previous one, with a steady market in the initial hours of the day, there is a lot of expectation riding on the coin to reach a stable point.