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In the letter
- The price of XRP reached $ 0.49 around midnight UTC.
- Since last weekend, the price of XRP has risen by 66.40%, making it the leading best-performing cryptocurrency of the week.
- The price of the (now) third-largest cryptocurrency by market cap then dropped to $ 0.42.
The price of XRP today peaked at $ 0.49, its highest price since July 2019. The price of the third largest cryptocurrency by market capitalization then dropped to $ 0.44, still a major increase from $ 0.33 yesterday.
The price of XRP reached $ 0.49 around midnight UTC. He fell as soon as short of breaking the July 2019 record, according to metrics site CoinMarketCap. Today it reached $ 0.4919, while in July 2019 it reached $ 0.4939. Nothing passes Decrypt.
After the win, the traders gave up and XRP plunged back to $ 0.41 about two hours later.
Then they tried again, presumably still high and hopeful, and pushed the price down to $ 0.44 at 02:49 UTC. It fluctuated around that level and has since fallen to $ 0.42 at noon on Sunday.
Since last weekend, the price of XRP has risen by 66.40%, making it the leading best-performing cryptocurrency of the week.
Meanwhile, the global cryptocurrency market cap declined slightly by 0.15%, dropping to $ 528.7 billion from yesterday’s $ 529.5 billion.
Bitcoin’s price has fallen 3.45% in the past 24 hours, from $ 18.571 yesterday to $ 17.952 today. Ethereum did relatively well, rising 3.15% to today’s price of $ 527, up from $ 543 yesterday.
The price of Bitcoin and Ethereum increased by 13.02% and 17.28% respectively.
Developed by Ripple, a nonprofit organization based in (at least as of this writing) San Francisco, XRP is a cryptocurrency of choice for payment institutions. Institutions use XRP for real-time settlements and money transfer between banks at cheaper costs than alternatives.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
