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In the letter
- The price of XRP rose 30% in the last day.
- His weekly increase is 48%.
- Coinciding with this week’s rally is the prospect of a Covid-19 coup and Biden’s success in the U.S. election.
XRP, the fourth largest crypto with a market capitalization of 16.68 billion dollars, today reaches 0.4 dollars, its highest price since last July. This represents an increase of $ 0.286 a day ago, a jump of 30%.
Overall, the global crypto market capitalization rose 3% to $ 529.5 billion.
The rise in the price of XRP is part of the market rally this week. In the last 24 hours, Bitcoin price increased by 1.19% and Ethereum 0.74%. Bitcoin the price is $ 18,504, and Ethereum the price is $ 509.
Last week, BTC, XRP, and ETH exploded. The price of Bitcoin jumped more than 15%, from $ 15,865, and the price of Ethereum was up 11%, from $ 457. The weekly increase in XRP is 48%.
Coinciding with the rally is the prospect of Covid-19 shots and the sooner Biden wins.
XRP is a cryptocurrency favored by payment institutions, which use it for real-time settlements and low-cost money transfer between banks.
It is developed by Ripple, a not-for-profit company based in San Francisco… but not too long; regulatory repression complicates the task Ripple to operate in the United States.
Warning
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
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