Decrypt’s Art, Fashion, and Entertainment Hub.
In a relatively lackluster day in the crypto markets, Ripple’s XRP is the day’s clear winner among the top-10 cryptocurrencies by market cap.
XRP is currently 5 percent on the day and trading at nearly 30 cents. But for how long?
Just weeks ago, the entire crypto market took a hit as the price of Bitcoin plummeted from nearly $10,000 per coin to just under $8,000. At the time, XRP fell to about 23 cents from above the 30-cent per token mark.
Today’s gains mean XRP has nearly recovered from that drop, outperforming the likes of Ethereum and Litecoin in terms of daily percentage gains. Ethereum has dropped from about $192 per token to roughly $185—and Litecoin, meanwhile, lost nearly one percent of its value since the weekend.
While up and down prices are par for the course, XRP has remained relatively stable, holding to around $0.27 and $0.28 per token throughout the last two weeks.
At the same time, Ripple continues to push for new partnerships that boost the XRP ecosystem. Last week, the firm joined with with London-based financial firm Finestra. Today, Ripple unveiled a new partnership with Mexican cryptocurrency exchange Bitso, a maneuver designed to bring XRP more liquidity.