Blitz: XRP pumps increase by 10% while most of the 10 brightest pieces are green

The cryptocurrency market has seen a sudden rise in prices after almost a month, with most of the items on the top 10 list becoming green. After Ethereum recorded the strongest growth among the main chips, many other major pieces followed. On February 19, the XRP, the third largest coin, experienced a sudden rise of more than 10% in 24 hours.

Source: Business View

At the time of the press, the coin was valued at $ 0.3413, with a market capitalization of $ 14 billion. The coin recorded a trading volume of $ 1 billion over 24 hours and growth of 10.10% over the last 24 hours. The coin that has grown 13.19% over the past seven days is still up 3.26% over the last hour.

XRP recorded the highest trading volume on ZBG with the XRP / USDT pair and recorded a volume of $ 71 million. The second position was taken by UPbit, with a trading volume of $ 70 million with the XRP / KRW pair. UPance was followed by Binance with the XRP / USDT pair, which reported a volume of $ 64 million.

Ripple and XRP have been a step forward in trading with institutional investors, which has led to the adoption of cryptocurrency in many countries. The XRP has recently been implemented in various countries to facilitate simpler and cheaper cross-border payments. XRP also drew with the Iranian Rial [IRR] to perform such transactions.

Nobitex, a cryptocurrency exchange, announced this news and informed that the IRR had become the 44th fiduciary currency to be exchanged with the XRP. The cryptocurrency exchange is also a supporter of cross-border transactions since their main purpose has been described as follows:

"Collaborating with startups and other companies to create a payment gateway across digital currencies to settle with foreign customers."

When JP Morgan launched its own cryptocurrency, many called it a contest for Ripple. Tom Shaughnessy, director of Delphi Digital, said:

"It's a huge slap for Ripple. Ripple's target market is cross-border payments and remittances. Now, JPMorgan's efforts are a direct threat. "

Ripple 's general manager, Brad Garlinghouse, also commented on the action by stating:

"As expected, the banks are changing their tone on crypto. But this JPM project misses the point: introducing a closed network today is like launching AOL after Netscape's IPO. Two years later, bank coins are still not the solution. "