Yesterday, the entire cryptocurrency market was left amazed because of the XRP move. The currency has seen huge success in the market, seeing an increase of over 80% in the last 24 hours. He even occupied Ethereum in a few moments, with billions of differences in the market capitalization between Ethereum and XRP.
The rally was followed by the entire market talking about XRP, with the XRP community stating that the long-awaited run has finally arrived and other communities call this a manipulation of the market and stating that this is a good one example of why the market needs regulation.
However, Justin Sun, CEO and founder of the Tron Foundation, showed his unwavering support for XRP. Prior to the Tron foundation, Justin Sun was the principal representative of Greater China and the Ripple Labs consultant. He was one of Ripple's first employees in the Greater China region according to his LinkedIn profile.
The Founder congratulates Ripple on his official Twitter handle. Justin Sun said:
He also added that the surge in the price of XRP has been attributed to the recent Ripple partnership with the PNC bank. He said:
"… With Bill Clinton Swell's Key Cloting 2018, blockchain is becoming mainstream!" As Ripple's Chief Reporter of China since 2014-16 and Ripple's shareholder, I am confident that financial institutions will adopt blockchain. "
Recently, Ripple CEO Brad Garlinghouse announced that he has partnered with one of the largest banks in the United States, PNC Bank. Companies will work together to improvise bank real-time cross-border payments for their business customers, an addition to RippleNet. In addition, Ripple is also set to launch xRapid in the coming days. The product will use XRP as a bridge currency for transferring the value of one currency to another currency.
Justin's move has received great support from the cryptocurrency community. With the majority saying that Justin has really proved to be one of the great leaders in space, intensifying and appreciating XRP and Ripple. A part of the community even states that the two currencies soon take top positions in the cryptocurrency market.
Crypto Steve, a Twitterati said:
"Always positive to see the leaders of big projects recognize each other's hard work and success."
Lee Van Cleef, another Twitterati said:
"I was reading this without looking at who wrote it I said to myself "this guy definitely seems to know what he's talking about" …. Then I noticed he's our guy !!!! Big Tron Hodler and Believer here – Go Justin Go
In addition, together with the XRP price increase, Tron [TRX] also saw significant growth. The currency has seen a growth of over 4% in the last 24 hours, according to CoinMarketCap. At the time of writing, the currency was trading at $ 0.023 with a market capitalization of $ 1.5 billion. TRX has seen significant growth of over 15% in the last 7 days.