Ripple Price crossed $1 level again Today
December 22, 2017 11:38 am
The price of Ripple‘s XRP token has passed a dollar for the first time in the decade.
As of now, the fourth-largest cryptocurrency by market capitalization, XRP crossed the high level just before the present time, through achieving the all-time high of $1.02.
The rally in XRP came through the months of sideways trading for the cryptocurrency, which took a higher twist a week before, through following the positive news flow for the banking-focused Ripple, as well as growing prices among the alternative coins as the investors seem to be moving to other cryptocurrencies from the outstretched and falling Bitcoin.
Recently, the firm said at the end of November that Standard Chartered Bank and Axis Bank are launching a new cross-border payments platform built on top of Ripple technology. Before a week, American Express told, it was using Ripple’s network to connect Santander clients in Europe and the U.S.
Today’s price increment, anyhow, seems to be hugely driven by the markets, specifically in Asia.
While looking at the Market Cap data, XRP’s trading volume is increased over the past 48 hours by nearly 25 percent at the major Soth Korean exchange Bitthumb, while Hong Kong-based Bitfinex’s volume raised by 10 percent.
As of yesterday, XRP was trading at $1.05. The cryptocurrency has surged 36 percent in the last 48 hours and is up 74 percent week-on-week. Ripple’s market capitalization is currently standing at $41 billion, also a new record high.