XRP performed breathtakingly over the weekend. Traded at $ 0.5246 on February 12, XRP rose as high as $ 0.6324 on February 14.
The market value of XRP, which experienced a huge 31.77 percent rally throughout the week, also surpassed the market value of Cardano (ADA) and Poldakot (DOT) on February 14, and XRP again rose to 4th place among all crypto assets. .
XRP, which lost 7.53 percent in the last 24 hours, maintains its 4th place with a market value of $ 25,511,025,263. Cardano with a market value of $ 25,304,818,733, followed by Polkadot with $ 23,851,53,475.
XRP briefly lost its place among the top three altcoins due to the Polkadot rally on February 9.
XRP began to decline rapidly after the U.S. Securities and Exchange Commission announced that it would sue Ripple and its managers for violating securities laws, dropping from $ 0.57 to $ 0.1947. Following the news of the lawsuit, major exchanges such as Kraken, Coinbase and OKCoin suspended XRP transactions, making the situation worse for the cryptocurrency.
However, XRP jumped from $ 0.28 to $ 0.74 on January 30, thanks to a rally triggered by Reddit’s investor group WallStreetBets with over 9 million members. XRP had collapsed almost 50 percent within two hours to $ 0.39, as investors began to take profits right after.
XRP is trading at $ 0.57 as of the time of the news release.