XRP has become the second largest cryptocurrency again
The XRP cryptocurrency, developed by the American fintech startup Ripple, once again demonstrates outstanding dynamics against the background of other digital assets this Tuesday – over the last 24 hours its rate has risen by 18%, which allowed it to shift Ethereum to the third line in the list of the largest cryptocurrencies, although the gap between them at the moment publication remains rather narrow.
Most of XRP trading currently takes place in Japan and South Korea, namely Bitbank and Upbit, each of which trades the cryptocurrency against the national fiat currency. In third place is the Binance exchange with the XRP / BTC pair and 9% in the total trading volume. “FOMO about XRP is so strong that I can’t even log onto Binance,” Twitter users jokingly write..
There is currently no obvious catalyst for such market behavior, and statements on the web remain at the level of versions and speculations. So, as one of the reasons for the growth of XRP, they call the intention of the payment company SendFriend, supported by Mastercard and the MIT media laboratory, to integrate the xRapid solution developed by Ripple. To be fair, it should be noted that XRP is indeed used in xRapid, but the original news appeared a little earlier than the last pump.
In addition, Wirex, which supports multiple cryptocurrencies, including XRP, recently confirmed that it is working on integrating its tools into Apple Pay, which some believe could also act as a catalyst..
As a reminder, XRP has recently reached the second position in the list of the largest cryptocurrencies. This happened in mid-September, when its rate increased more than 2 times per day..
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