The cryptocurrency market seems to be recovering from the recent dip. Bitcoin (BTC) has reclaimed the $64k level, rising 5.1% in the last 24 hours. Furthermore, the global crypto market cap has risen 4.9% in 24 hours to $2.45 trillion. Ripple’s XRP token has also made a slight 1.9% recovery in the daily charts. However, XRP is still down by 18.2% in the weekly charts, 14.1% in the 14-day charts, and 16.1% over the previous month. Moreover, XRP’s price has fallen 4.3% since April 2023. The recent rebound could be due to BTC’s halving event, which is just around the corner.