XRP adds $3.5 billion in 48 hours: why is Ripple's token surging?

20 Sep, 2018
by Jelmer van der Dussen
News
XRP adds $3.5 billion in 48 hours: why is Ripple's token surging?

Ripple's XRP token is having a second run today, breaking the $0,36 barrier after a 14,3% rise in the last 24 hours. XRP is now back above its mid-August price.

On Tuesday, the price of XRP saw a jump from $0,27 to over $0,32 and after remaining stable for 2 days, the Ripple token is now on the rise again. In the last 48 hours, the market cap of XRP has grown from $10.8 billion to $14.3 billion.

After months of decline, Ripple started to move again this week following a few major events. First, Ripple announced that their new cross-border payment system xRapid will go live in less than two months, which led to more media attention and therefore more interest in the project.

And on Wednesday, PNC became one of the first major US banks to join the RippleNet. PNC will use Ripple's xCurrent system to streamline payments in and out of the United States.

A new all time high is still far out for Ripple. On January 4, XRP was traded for $3,81. On September 11, XRP was worth $0,25, the lowest point since January 4.

Read more: XRP community divided over $589 XRP price prediction by end of 2018

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Read more about: Ripple (XRP)

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