XRP is now the second most valuable currency in the world after having increased by 8% in the last 24 hours, pushing its market capitalization to $ 24.291 billion. Trading at 61 cents at the time of printing, XRP now has a value of $ 200 million more valuable than Ethereum, which is now the third most valuable currency in the world with a market capitalization of $ 24.09 billion.
The XRP-ETH flap was technically unavoidable. Note that for most of the past week, the increasing market capitalization of XRP has led to a temporary reversal. But this time, it seems that the market is determined to push the overall rating of Ethereum to Third after covering this coveted position for more than three years from the start. The genesis of this flap comes from the events of the week ending September 23 when the prices of XRP have gathered from 25 cents to 80 cents in a three-day interval from September 21st to September 23rd. Although the market slowed, bringing it back to 55 cents in the middle of the week before returning to the current valuation, the market is generally on hold.
Citing Ripple's market resolution properties, Nigel Green, CEO of Dubai, said it will be inevitable that XRP will reach $ 1 within the year. His company manages over $ 10 billion in cryptographic assets with over 30,000 customers worldwide. According to Green, Ripple has skillfully positioned itself at the heart of the boathouse and global influx and using Ripple's solutions, companies will benefit from it.
He strongly believes that Cryptocurrencies are "the future of money" and XRP is proving to be "the most useful cryptocurrencies for companies, organizations and individuals".
Green was quoted by Forbes saying:
"Cryptocurrencies are the future of money and, clearly, XRP is proving to be one of the most useful cryptocurrencies for companies, organizations and individuals.The use of XRP is bound to increase and, of course, this will have a positive impact on I think it's likely that we'll see it hit the $ 1.00 price level before the end of the year, and it could even double that in 12 months, since the adoption of XRP and the use increases. "
With the launch of xRapid, the value of XRP is certainly set to increase going forward to cement XRP as the second most valuable currency in the world, especially if there are no activities from Ethereum.