Ripple (XRP) Surpasses a $20 Billion Market Cap

  • Ripple (XRP) has surpassed the $20 billion market cap.
  • XRP is currently trading at $0.4113, which is a gain of 3.76%.

In the past few days, the cryptocurrency market has seen an uptick in price that has pushed the total market worth beyond $1 trillion. XRP Ledger’s native cryptocurrency, Ripple (XRP), is a public, open-source blockchain. Which was built for the express purpose of making international financial transactions more quickly and cheaply. Recent sources indicate that XRP’s market valuation has risen above the $20 billion threshold.

Even Bitcoin (BTC), the cryptocurrency with the greatest market capitalization, has kept up with the pace. Yesterday at 19:45 UTC, BTC was trading at $21,380; however, by the time 21:00 UTC rolled around, it had increased by $1000 to $22,370. Since that time, the price has continued to climb, and the most expensive asset is now going for a price of $23,251.72 as of the time this article was written.

XRP Price Hit $0.4111 Mark

The most recent data from CoinMarketCap indicates that the price of Ripple is currently trading at $0.4113. Which is a gain of 3.76% in comparison to the previous 24-hour period. The cost of XRP has been steadily climbing at a faster rate over the course of the past month. Ripple’s price has seen monthly highs of $0.4159 and monthly lows of $0.3216. And this is a result of the positive trend that is now present in its trading environment. The price of XRP has found support around $0.3958, which corresponds to the lowest price. And resistance at $0.4159, which corresponds to the highest price.

XRP 1-month Price chart (source: CMC)

The current situation has given investors and traders cause for optimism, but there is no assurance that the spike will continue indefinitely.

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