XRP rises 8%, following the boom in Bitcoin
As the crypto market is rallying, the sixth-largest cryptocurrency, Ripple-affiliated XRP, has demonstrated a rise by around 8% today, printing two massive green candles in the past hour. Over the past week, XRP has risen more than thirteen percent.
The XRP coin has surged from the $0.9580 level to the $1.03 price mark on the Binance exchange against USDT, as the flagship cryptocurrency Bitcoin added 10%, soaring to nearly $48,000 from the $44,900 level.
However, this remains 28% below the XRP high of $ 1.41 reached on September 6 and 48% below the high of $ 1.97 seen by the XRP community on April 14, when Bitcoin hit its new and final all-time high. of $ 64,800.
Founder and CEO of DigitalGen Financial Services, Panos Mekras, tweeted that he has never been so bullish on XRP and XRPL as he is now.
Among the reasons for this, he cited massive development activity, a gigantic amount of projects being created on XRPL, lots of new features and new use cases.
