- XRP’s price increased by 30% on the last day.
- Its weekly increase is 48%.
- Coinciding with this week’s rally is the prospect of a Covid-19 jab and Biden’s success in the US election.
XRP, the fourth largest crypto with a market value of $ 16.68 billion. reached $ 0.4 today, the highest price since last July. That’s higher than $ 0.286 a day ago, a 30% jump.
Overall, the global crypto market rose 3% to $ 529.5 billion.
In the last week, BTC, XRP and ETH rose. Bitcoin’s price increased by over 15% up from $ 15,865, and Ethereum’s price recorded an 11% increase up from $ 457. XRP’s weekly increase is 48%.
Coincidence with the rally is the prospect of Covid-19 jabs and former Biden wins.
XRP is one cryptocurrency favored by payment institutions that use them for real-time statements and move money across banks at low cost.
It is developed by Ripple, a non-profit company based in San Francisco … but not for long; regulatory breakdowns make it difficult for Ripple to operate in the United States.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.