XRP Steadies Amid Altcoin Market Decline, Analysts Note

XRP has shown relative stability compared to other altcoins during a recent market downturn. Here's a concise overview of the key points:

XRP traded around $2.50 in early November, slightly decreasing to about $2.48.
Market capitalization is approximately $148 billion.
XRP's steadiness attributed to ownership by seasoned investors planning long-term holds, as opposed to speculative traders.
The token's price fell 6% over the past month and 8% in the last week, less than many altcoins.
A study by Houlihan Lokey suggests Ripple's corporate value may be closely tied to its XRP holdings.
Factors supporting XRP include banking sector stress, a favorable legal outcome for Ripple, and new spot Bitcoin ETFs.
XRP remains among the top four cryptocurrencies by market cap, attracting attention from both retail and institutional investors.

XRP performance image