Weekly Analysis: Ripple Dominates with Impressive Weekly Stats

This week has seen a great struggle between bulls and bears with most cryptocurrencies experiencing much volatility within the week. Bitcoin (BTC) has had a rather slow session recording a mild weekly gain of 0.1% as the asset now trades at $27,229. Bitcoin has a current market cap of $528,193,130,123 as the trading volume stood at $8,641,261,835 as of press time.

Bitcoins volatility for the week has been rather stable as the Bollinger bands now move close to each other. BTC’s relative strength indicator is now moving below its average line indicating a bearish trend on BTC as the MACD indicator also moves approves a bridge to the negative region, showing the effort by bears over the week to acquire market dominance from the bulls.

BTC 1-day chart | Source: TradingView## Altcoin analysis

Ethereum (ETH) has also had a rather fruitful session as the asset’s weekly gain now stand’s at 3.41% as it trades at $1,907. Ethereum has a current market cap of $229,366,582,849 as the trading volume now stands at $3,413,976,568.

Ripple (XRP) however had a rather fruitful week as the asset boasts a fruitful 10% gain for the week. Ripple, now trading at $0.5252 has a current market cap of $27,302,799,217 as the trading volume stood at $603,622,500.

XRP 1-week chart | Source: CMCOther altcoins have however also had fruitful weeks with Cardano (ADA) gaining 2.5% for the week. Dogecoin (DOGE) has also recorded a rather fruitful session recording a gain of 0.8% for the week. Solana has however shown great dominance over the week as the asset now trades at $21.

Polygon (MATIC) has however had a tough week as the asset now trades at $0.9059 representing a 2% loss in price valuation for the week. This comes as Tron also ad a fruitful week recording gains of 6% for the week to take its price to $0.08215.

Arbitrum the top trending crypto currently on CoinMarketCap has had a weekly gain of 2.333% as the asset now trades at $1.23 with a trading volume of $158,301,510 and a market cap of $1,564,191,333

ARB 1-week chart | Source: CMCAnother notable gainer for the week is XDC Network gaining 12.86% for the week as the asset now trades at 12.80% with a market cap of $491,596,332. The asset also had a trading volume of $2,165,768 as of the time of publication