RATE Group | Ethereum users switch to XRP as a medium of exchange
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Ethereum users switch to XRP as a medium of exchange

18 May Ethereum users switch to XRP as a medium of exchange

Posted at 19:01h in Cryptocurrency News by

  • Analysts predict a 30% drop for XRP after losing important support.
  • Xpring report reveals that XRP is being used as a medium of exchange, especially among Ethereum (ETH) users. 

Despite its recovery in recent days, the crypto market has also seen an increase in volatility. In the top 10 cryptocurrencies, Bitcoin has had the biggest gains with 10% and 36.94% in the weekly and monthly charts. Altcoins have struggled to follow Bitcoin gains as the first cryptocurrency by market capitalization struggles to break the important $10.000 mark.

XRP could test new lows

In the top 10, only Ethereum and Tezos are close to BTC gains in the monthly chart, but in the weekly chart they show only slight gains. The asset with the worst weekly performance is XRP with a 6.27% loss. As reported by CNF, BTC’s performance over the past few days outlines a bullish outlook for Bitcoin. However, the formation of a golden cross on the BTC chart indicates to analysts that the future for altcoins might be…

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