XRP displaced by DOGE despite breaking $0.55 mark

Dogecoin now has a market value of $41 billion, making it the seventh-largest cryptocurrency while XRP dropped to 9th position pegged at $32.7 billion

Written by: Olumide Adesina • Monday, November 11, 2024 • 1 min read

• Last updated: Monday, November 11, 2024

Ripple’s native token has seen a notable daily increase of 10% and is currently trading above $0.57. However, Dogecoin, which has reached another multi-year high, surpassed it to become the 6th largest cryptocurrency by market capitalization.

Dogecoin now has a market value of $41 billion, making it the seventh-largest cryptocurrency while XRP dropped to 9th position pegged at $32.7 billion. The meme’s increase has been especially remarkable.

The meme coin has surpassed $0.28 and increased by 29% on the last day for the first time since late 2021. The price of DOGE has increased by more than 120 percent in the last 30 days. Ripple still had a noteworthy day, pushing it above $0.6 for the first time in weeks.

XRP’s value stayed above the $0.57 mark. The popular payment token gains were modest to Doge, Bitcoin, and Ethereum. XRP established a base and began a new rise above $0.5550.

The resistance levels of $0.5850 and $0.6000 were crossed. Before the bears showed up, the bulls drove the price above the $0.6050 level.

a high was formed at $0.6162 before a recent pullback,. XRP tested $0.5640 after falling below $0.600. The price is attempting a new rise after forming a low at $0.6162.

The general bullish trend began following Donald Trump’s victory in the 2024 US presidential election has only been strengthened over the last day.

A number of well-known cryptocurrency analysts have made predictions regarding an impending meme coin super cycle, which might spur even greater remarkable profits for the niche. For example, SHIB is another huge winner today, rising 28% and trading above $0.000028.

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ABOUT THE AUTHOR See More

Olumide Adesina

Financial Market Writer

Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.