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Ripple’s XRP Suddenly Surges Five Percent, Leading Crypto Market’s Modest Rally

The price of XRP has spiked by five percent, reaching its highest level since Aug. 26 

XRP, the native token of San Francisco-based crypto behemoth Ripple, is up by approximately five percent over the last 24 hours. The token, which has become a subject of controversy as of recently, posted a huge green candle at 12:00 UTC that pushed its price to $0.273.

Meanwhile, Ethereum has finally surged above the $200 mark after enduring a brutal sell-off. Its price has posting green updates since the much-talked-about Ethereal Summit in Tel Aviv.

Bitcoin, on the other hand, remains dormant with its price hovering above the $10,000 level. As a result, the crypto king’s dominance has dipped to 68.8 percent.   

However, given that its descending triangle is inching closer to a resolution, there is a good reason to believe that it will make a decisive move in the upcoming days.

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