Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»XRP Beats USDC – Is It More Than Just a Short-Term Trend?
ALTCOIN NEWS

XRP Beats USDC – Is It More Than Just a Short-Term Trend?

By Crypto FlexsApril 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP Beats USDC – Is It More Than Just a Short-Term Trend?
Share
Facebook Twitter LinkedIn Pinterest Email
  • XRP’s market capitalization is now over $33 billion.
  • Since doing so, the cryptocurrency has continued to maintain its price in the $0.6 area.

XRP recently recorded changes in market capitalization rankings, rising further within the top 10. This made it overtake USDC, the popular market stablecoin. However, despite the latest price-performance ratio, approximately 20% of altcoin supply is still unprofitable.

XRP replaces USDC

XRP ended the trading session on April 9 with more northward price action. Examination of the daily time frame charts shows a modest rise of less than 1%, with a trading price of around $0.61. It also saw significant gains of over 3% in the previous trading session, placing it firmly within the $0.6 price range.

This was despite the altcoin losing 1% in value at press time.

Ripple daily price trend

Source: TradingView

On the chart, the Relative Strength Index (RSI) remained above the neutral line, indicating a mild bullish trend. This is confirmed by the Moving Average Convergence Divergence (MACD), which is slightly above zero.

Depending on how well XRP has performed in terms of price, there have also been changes in its market capitalization ranking. XRP has now surpassed USDC to become the 6th largest cryptocurrency on the market.

Source: CoinMarketCap

A few negative points stand out

An analysis of XRP’s 30-day market value to realized value ratio (MVRV) shows that despite recent price increases, holders are still suffering losses. In fact, the MVRV chart has been in a downward trend since late March, and at the time of writing, its value is around -7.4%.

This negative ratio indicates that holders who acquired XRP during this period are currently incurring losses. Additionally, recent market capitalization changes have not resulted in favorable results for traders in this wallet category.

Ripple 30-day MVRVRipple 30-day MVRV

Source: Santiment

Profit supply continues to decrease

Another important indicator that has not reflected the recent price increase positively is XRP’s profit supply. According to AMBCrypto’s assessment, the gains in XRP supply have continued to decline. In fact, according to Santiment, at the time of writing, approximately 81.2% of XRP supply has been generated in revenue, equivalent to approximately 81.2 billion XRP.

This is a notable decrease compared to the 87 billion XRP figure seen at the end of March.

Ripple supply to profitsRipple supply to profits

Source: Santiment

Can XRP maintain this new market cap?

The gap between XRP, currently ranked 7th, and USDC is approximately over $1 billion. What this means is that price declines could quickly erode recent market capitalization gains.

However, a closer analysis of the 30-day market value to realized value (MVRV) ratio also reveals the possibility of price increases in the future. A slight upward trend in MVRV, which is currently trending below 0 at press time, is likely to have a positive impact on market capitalization.


Read Ripple (XRP) Price Prediction for 2024-25


This means that in the long run, XRP is more likely to outperform USDC and maintain this trend.

Previous: Is Bitcoin Now a Better Investment Option Than Gold? Here’s what Sharpe looks like…

Next: Is Solana’s 50% drop a sign that memecoin mania is largely missing out?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

The secret corner of cryptocurrency is heating up

December 13, 2023

AI-focused altcoins rally after Coinbase places cryptocurrency project on listing roadmap

February 26, 2024

Dogecoin Price: Keep an Eye on Key Inflation Data

November 28, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.