To kick off the weekend, the crypto market saw XRP (the token of the Ripple blockchain) outperform the top 10 leading crypto assets by total market capitalization, rising more than 5% within 24 hours. That rise was seen after a week of uncertainty for traditional and crypto markets, as investors awaited inflation data to shed light on the Fed’s next steps.
The shift in sentiment reignites discussion on whether altcoin momentum and bullish mode are back, as other cryptos also flipped positive. As investor confidence rotates across sectors, some analysts see this divergence as an early signal of capital rotation ahead of the next market leg up, one that could benefit large caps like XRP and emerging utility-focused projects such as Remittix.
XRP Leads Gains as Inflation Data Boosts Market Confidence
XRP’s intraday gains were higher than those of most top digital token…
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Source: https://coinedition.com/crypto-sentiment-shift-xrp-among-top-picks-while-others-lag/