XRP is no longer lagging behind Bitcoin and Ether. Cryptocurrency has experienced strong growth since December 17, a day marked by a trading volume of $ 20 billion.
Traders, investors and other observers have their eyes on Bitcoin, and to a certain extent Ethereum. But what about the 3e capitalization cryptocurrency? XRP was clearly lagging behind in recent days.
Since stage one of the airdrop on December 12, the token has even fallen sharply. The trend is however being reversed. Cryptocurrency is even now showing higher growth than Bitcoin.
26% jump for XRP in 24 hours
Within 24 hours, XRP soared 26% to $ 0.64. It thus returned to the levels of 2017. This allowed it to reach a capitalization of around $ 29 billion.
According to Decrypt, Ripple’s token is trading at $ 0.60 on December 18. Recall that this week, XRP fell to $ 0.45. Since the Spark token airdrop, the price has been particularly hectic.
Now XRP is also participating in cryptocurrency rallies. And the level reached by trading volumes underscores strong demand for the token. A few days earlier, transactions reached $ 10 billion.
But according to CoinMarketCap, that volume doubled on December 17 to approach 20 billion, to exactly $ 19.2 billion. However, we are still far from the peaks of last November.
A token still far from its best level of 2020
The peak of XRP dates back to the end of last month with a value of $ 0.71. Trade volume climbed to $ 33 billion. Investors are no doubt hoping that ex-Ripple Jed McCaleb will not break the good trend of the moment.
The latter may also be sensitive to the large recruitment of Ripple. Sandie O’Connor is now a member of its board of directors. A Wall Street and compliance expert, she previously served as Director of Regulatory Affairs at JPMorgan.
This hiring highlights the ambitions of Ripple and its CEO in this sector. “The US needs a single, clear regulatory framework for crypto that levels the playing field and supports US innovation and businesses. Sandie’s experience and guidance will help us build a more inclusive financial system. ”