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Ripple (XRP) and Avalanche (AVAX) Perk Up to Retrieve Its Positions

Published 02/25/2022, 07:24 AM
Updated 02/25/2022, 07:30 AM
© Reuters.  Ripple (XRP) and Avalanche (AVAX) Perk Up to Retrieve Its Positions
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  • The crypto market gradually recovers after yesterday’s crash.
  • Ripple (XRP) gains significantly in the last 24 hours.
  • Avalanche rose to the 10th most valuable coin but stubbled back to 11th.

The crypto market is gradually recovering from its deep red of the last 48 hours. Yesterday shook the world and the entire digital asset market following Russia’s invasion of Ukraine. The drop in the price of Bitcoin (BTC) resulted in FUD and speculations that the market may never recover.

Surprisingly, the last hours have seen a significant recovery of Bitcoin and other altcoins. The current market cap of cryptos now sits at $1.71 trillion compared to the past 24-hour period that it plunged by over $200 billion.

Ripple (XRP) is one of the cryptos making a fairly good return to a positive position. At press time, XRP is up 8.78% and now trades at $0.693. Despite this, the XRP market is down by 12.25% and is still pushing to hit the $1 mark — which may happen sooner or ...

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