Crypto Watch: Another Big Day For Ripple — XRP Price Jumps 64% In 17 Hours – Top stories online – Ripple inches closer to Bitcoin Cash (BCH), holding #4 spot with a market cap of $43B.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
A little over a week ago, Ripple made explosive gains, surging 84% in a dayto become the #4 cryptocurrency by market cap.
Disclosure: I own some XRP.
In the days following, Ripple underwent another round of growth, jumping from the $0.50 range to $0.75. After that, disregarding minor fluctuations, the XRP market remained steady—even through Coinbase’s announcement that Bitcoin Cash (BCH) buying, selling, and trading would be supported on the platform—which dropped the price of Bitcoin (BTC) and many other cryptocurrencies worldwide.
According to CoinMarketCap, at 2:24pm Dec. 20, XRP was trading at $0.75779. This morning at 7:04am (Dec. 21), the price was $1.24—marking growth of 64 percent in just 17 hours, and crossing the “historic” $1 milestone. The price is currently $1.11.