Opinion, Price Analysis

Will Ripple (XRP) Continue To Lead?

Ripple (XRP) currenttly trading at $0.328807 USD has reclaimed the position of the second largest cryptocurrency as at this press time by market cap from ETH just days before Ethereum’s ‘Constantinople’ hard-fork upgrade., the though the hard-fork has been postponed due to perceived security challenge.

On January 16th, Ethereum is scheduled to undergo a network-wide system update called ‘Constantinople’. Among other things, the implementation of the upgrade will reduce the block reward from 3 ETH/block to 2 ETH/block.

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On a seven-days chart view shows that Ethereum has been experiencing a significant loss in price even as the postponed hard-fork boosted the price a bit. It is currently trading at an average price of $123.50 USD according to data culled from Coinmarket.cap

Ethereum-Price-https://coinmarketcap.com/currencies/ethereum/Chart

The movement caused ETH to fall behind Ripple (XRP), which reclaimed its spot as the second largest cryptocurrency by means of market capitalization, less than two weeks after Ethereum regained the number two spot from XRP.

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XRP-Price-https://coinmarketcap.com/currencies/ripple/Chart

In fact, the two have been neck and neck over the past few months in cryptocurrency market cap rankings.

ETH-XRP-Marketcap-Comparisonhttps://coinmarketcap.com/

Will XRP continue to maintain the second position of the coin with largest marketcap after Bitcoin? Time will tell.

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