XRP rises to 4th place in the largest cryptocurrency list

XRP started the week on April 5th with an extremely interesting price action. Starting the day at $ 0.64, XRP gained an unexpected momentum and rose to $ 0.93, according to CoinMarketCap data.

Continuing this momentum on Tuesday, April 6, XRP surpassed $ 1 for the first time since March 2018 and rose to $ 1.10. XRP, which gained 35 percent in the last 24 hours and 73 percent throughout the week, is traded at $ 0.99 as of the time of the news release.

While the technical structure of the crypto money and the volume of social media signaled that the rise can continue, the recent rally has also led to changes in the list of the largest cryptocurrencies in terms of market value.

XRP, whose market value exceeded $ 45 billion, surpassed Polkadot (DOT) with a market value of $ 40 billion and Tether (USDT) with a market value of $ 43 billion, again rising to the 4th place in the list of largest cryptocurrencies. However, Tether fell to 5th place on the list and DOT to 6th.

XRP was hit hard after the US Securities and Exchange Commission (SEC) complained last December against Ripple and its co-founders. The SEC claims that the company associated with XRP, Ripple and its founders are selling unregistered securities with the sale of XRP. After the commission announced the case, XRP fell from $ 0.44 to $ 0.17.

Following the SEC and Ripple lawsuit, many exchanges such as Coinbase, OKCoin, Bittrex and Kraken suspended XRP transactions.

XRP has gained 588 percent since December 29, when it fell to $ 0.17 as of April 6.

Check Also

Institutional investors flock to XRP products

Institutional investors showed great interest in XRP last week. The managed assets of XRP investment …

Leave a Reply

Your email address will not be published. Required fields are marked *