The broader digital currency ecosystem is recovering as the combined crypto market cap jumped by more than 2.35% to $2.04 trillion. Besides Bitcoin
BTCUSD
and Ethereum, among the major altcoin beneficiaries of this rally are XRP, Dogecoin
DOGEUSD
and Tron
TRXUSD
. With their rebound from weekly lows, the trio exhibits a defined correlation.
XRP, DOGE and TRX correlation
According to current market data, XRP has jumped by more than 1.5% in 24 hours to $0.5375. This has helped XRP pare off its weekly losses, which have now been trimmed down to 2.4%.