XRP surpasses 75%, beating Ether as the second largest digital currency in the world

The cryptocurrency used under the Ripple protocol jumped up to 75% on Friday, taking Ether's second place on the list of the most popular digital currencies.

The XRP piece

XRPUSD, + 18.66%

According to Ripple Labs, the company that owns and has developed the Ripple protocol, it has risen by more than 175% since Monday due to the implementation of xRapid, a product that would allow financial institutions to process cross-border transactions faster and faster. cheaper.

"I am very confident that in the coming months you will see good news about the launch of the live product," said Sagar Sarbhai, Regulatory Relations Manager, at CNBC on Monday.

Combined with the disappearance of the ether

ETHUSD, -4.02%

According to a report by CoinMarketCap, XRP is now the second digital currency with a capitalization of 27.5 billion dollars, against 23.2 billion Ether, according to a report by CoinMarketCap.

This is the first time in nine months that the total value of XRP was greater than that of Ether.

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"Given the nature of these fast movements, my instinct tells me that these fluctuations are not just speculation," said Mati Greenspan, eToro's market analyst, about the rise in the exchange rate. "Nevertheless, the main debate around this initiative is the launch of xRapid software next month, which aims to use XRP for international settlements."

Only one XRP coin was sold for the last time at 68 cents, up 69.4% on the day. He had reached an intra-day maximum of 78 cents. Bitcoin

BTCUSD, -1.39%

the largest digital currency in the world, was behind most of its competitors Friday, up 5.2% to $ 6,705.08.

The widespread cryptocurrency rebound pushed the total value of all digital currencies to a record high of $ 226 billion for two weeks.

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