Ripple Soars 11%: Bitcoin Struggles, Injective (INJ) Explodes

• Bitcoin (BTC) only gained slightly more than one percent in the past seven days.
• Ripple (XRP) saw an increase of 11%.
• Injective (INJ) is the top performer, up 25%.

Cryptocurrency Market Recap

The cryptocurrency market saw slight increases over the past seven days, but some tokens made impressive gains. Bitcoin (BTC) was unable to convincingly claim the $27K level, only increasing by slightly more than one percent. On the other hand, Ripple’s XRP exploded by 11%, and Injective (INJ) was the week’s top performer with a 25% gain.

Bitcoin Price Struggles With $27K

The primary cryptocurrency experienced some volatility during this period when it soared above $28K but failed to maintain its momentum and sellers took over, pushing BTC back to its current trading price.

Ripple Explodes By 11%

Investors are starting to price in a potential victory for Ripple in its case against the Securities and Exchange Commission as XRP exploded by over 11% in the past seven days.

Injective Leads The Market Recovery

Injective (INJ) is this week’s top performer with an impressive 25% increase in a market that’s otherwise relatively uncertain.

Conclusion

Overall, while Bitcoin didn’t make great progress this week, Ripple and Injective saw significant gains. Investors seem to be confident about Ripple’s legal battle with regard to its classification as a security and are also showing interest in Injective as it leads the market recovery.