Ripple’s XRP sees explosive 1,151% trading volume spike in November
Bitcoin (BTC) was nearing $19,000 for the first time since December 2017 when large market cap altcoins like XRP started to surge in November. At the time, XRP and Ether (ETH) were the biggest drivers of the altcoin market’s rally.
During bull markets, altcoins are likely to follow the price movement of BTC albeit with more volatility, which puts altcoins at risk of extreme short-term price swings. “The higher time frames give a clearer indication of where XRP is located in the market cycle,” trader Michaël van de Poppe noted in his latest XRP price analysis.