XRP Back on the Groove? Up 5% After Friday’s Crash

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Ripple fell from $0.44 to $0.38 on Friday, crashing by more than 11%.
The altcoin recovered on Saturday, reaching $0.43.
Ripple has running trials with Nasdaq, turning investors bullish.

XRP, the seventh largest digital asset by market capitalization, witnessed a monumental crash in the altcoin’s price on Friday. The cryptocurrency fell from the $0.44 price level to $0.38, indicating a 11% decline in valuation. However, XRP holders saw a slight recovery as Saturday’s candle opened.

According to the data from CoinMarketCap, the trading volume of XRP dropped 36.81% as sellers were done dumping their holdings and currently stands at $1.3 billion. Meanwhile, the market capitalization of the altcoin is $23.8 billion, with the token being 88.85% down from its all-time high of $3.84 seen in 2018.

XRP bull, “JacktheRippler” stated on platform X (previously known as Twitter) that the altcoin is about to breakout after its “final shakeout” in the past few weeks. The analyst highlighted a slight uptrend being formed in the XRPUSDT price action. In a shared chart, the analyst predicted a bullish breakout for the cryptocurrency.