Several fundamental and regulatory developments have pushed the XRP price to levels not seen since April 2021, with bulls now eyeing the $2 mark in a sign of renewed strength for the previously embattled token.
XRP surged 14% in the past 24 hours, outpacing bitcoin and other major cryptocurrencies, extending a month-long run that has seen the price rise 200% to make the token the best-performing major token alongside dogecoin (DOGE).
Prices approached $1.70 in the European morning, with 24-hour trading volume rising 30% to $10 billion. Volume was led by South Korean exchange UpBit.
There was no immediately apparent cause for Friday’s jump, though several factors have contributed to XRP’s appeal in recent weeks.
The rise started in early November after Republican victories in the U.S. elections renewed investor confidence in tokens with links to U.S. companies, such as XRP’s closely related
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Author: Shaurya Malwa
