The crypto market hasn’t been a nice place these last few days, although a crypto like XRP has done good to withstand the storm. The whole crash is all thanks to a rivalry-ridden Bitcoin Cash fork. As a fact, the only reason the rest of the market is suffering is because of Bitcoin’s panicky reaction to the fork event. It’s to be remembered that Bitcoin is the original chain from which Bitcoin Cash was forked out last year.
When the fork happened on November 15th and the hash war started between BCHSV and BCHABC, Bitcoin took a heavy hit too. Bitcoin is a market leader with a dominance of over 50%, and that means that its price reactions are bound to affect the rest of the market. That’s what happened. Bitcoin went down, and the rest of the market went down with it. But XRP seems to defy this “the rest of the market” theory.