Ripple (XRP) Surges Amidst Widespread Crypto Market Recovery

Earlier this week, the crypto markets experienced a bloodbath that was the direct result of Bitcoinfailing to hold above its support level that existed around $3,550. Bitcoin’s ensuing drop led most cryptocurrencies to plunge 10% or more, from which many of them have since recovered. Ripple (XRP) is currently leading the markets, but most other cryptos have also seen decent gains today.At the time of writing, Ripple is trading up over 11% at its current price of $0.323. Earlier this week, XRP dropped to lows of $0.28, which proved to be a region of significant buying pressure for the cryptocurrency, as it quickly surged after trading sideways around this price point.Bitcoin Cash (BCH) is also having a good day, as it is trading up over 6% at its current price of $118.60. BCH is up from its weekly lows of $109 that were set earlier this week. Although BCH is recovering from its latest drop, it is still down from its seven-day highs of over $130.

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