- XRP’s price suddenly increased by 20%.
- Investors’ hopes that Ripple will prevail in its continuing legal battle with the SEC.
Since Monday, the price of Ripple has been on an upward trend, rising in tandem with the price movement of Bitcoin and the overall bullish market trend. XRP’s price abruptly increased by 20% to beat the top 10 cryptocurrencies by market cap.
The most recent price bull run for ripple is being prompted by several factors. In XRP’s current rise, the XRP Ledger (XRPL) has played an important part. With the help of the fintech firm Ripple, XRPL is a decentralized blockchain technology. Reports indicate that since February, XRPL adoption has grown considerably, which is a factor in the current price increase for XRP.
Investors’ hopes that Ripple will prevail in its continuing legal battle with the United States Securities and Exchange Commission (SEC) are said to be a driving force behind the most recent bull run for the price of the XRP. The current price of XRP is $0.4671 with a 24-hour trading volume of $4,677,392,119. In the past 24 hours, XRP has increased by 20.67% as per CoinMarketcap.
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