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The bears took over the crypto market and had no intentions of letting go. However, certain assets like XRP, Polkadot [DOT], and Dogecoin [DOGE] were seen exiting the bearish market. Avalanche [AVAX] was on a whole different level. The altcoin managed to surge by over 12% while all the other assets were drowning in the red sea.

Bitcoin [BTC] dropped below the $60K zone. But the king coin managed to steer back to $60,544. Additionally, the market cap of the world’s largest cryptocurrency was at $1.14 trillion and the global crypto market cap was $2.62 trillion.

XRP witnessed major fluctuations this year. This volatility wasn’t limited to its price as its ranking followed suit. The altcoin’s price finally surged beyond the $1 zone. XRP remained below a dollar for the longest time therefore, the asset’s move above this level was considered a major milestone for the altcoin. At the time of writing, XRP was trading for $1.10 with a 0.98% surge over the last 24-hours. Over the previous couple of days, the altcoin dipped by 11.11%.

From residing as the third-largest cryptocurrency, XRP slipped to the seventh position. The altcoin, during press time, stood as the seventh-largest cryptocurrency with a market cap of $52 billion.

XRP one-hour price chart on Binance

XRP dives into the bullish realm after bears’ long haul 3

The one-hour price chart of XRP noted a strong bullish momentum. The Parabolic SAR indicator formed dotted lines below the price candles. This line acted as a major point of support against any abrupt downtrends. The MACD indicator mirrored this sentiment as it developed a bullish crossover.

All these signs were pointed towards the bull and the chances of the altcoin dropping down were quite bleak. Furthermore, the asset was sluggishly moving towards the buyers’ arena. The Relative Strength Index [RSI] indicator suggested that the asset was being excessively bought instead of being sold.

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