Daniel Phillips

XRP continues its recent uptrend today, gaining 6.2% in the last day. It reached a high of $0.177 below falling back slightly to its current value of $0.172.

The cryptocurrency has now been in an uptrend for four days straight, gaining more than 14% since the start of the week and adding $1 billion to its market capitalization in this time. It has also racked up strong gains against Bitcoin (BTC) in the last day, gaining 6.4% to reach 0.000026 BTC/XRP—its highest value in a week.

Despite its bullish price action, XRP has seen its daily trading volume stagnate for the past week, with around $2 billion in XRP changing hands each day on public exchanges.

This positive price action comes despite accusations being made against Ripple CEO Brad Garlinghouse, in a lawsuit, of promoting XRP while liquidating his own stash of coins.

Although much of the cryptocurrency market is in the green today, XRP is outperforming all other cryptocurrencies in the top 10 by market capitalization. However, the cryptocurrency is still down in the short-to-medium term, and has lost 28.4% of its value in the last month as a result of the recent Coronavirus pandemic.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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<span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;XRP is a cryptocurrency designed to facilitate transfers between financial institutions. Ripple, the project behind XRP, differs from both Bitcoin and Litecoin in several key aspects: it relies on sale as opposed to mining as a means of freeing up new currency, and its transaction speeds are of a different order of magnitude (nearly 1,000 transactions per second to Bitcoin’s 7 tps) .\r\n\r\nWhile the ideas behind XRP date back to 2004, the currency was created in 2012 by Jed Caleb and Chris Larsen.\r&quot;}" data-sheets-userformat="{&quot;2&quot;:803,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:14281427},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;11&quot;:4,&quot;12&quot;:0}">XRP is a cryptocurrency designed to facilitate transfers between financial institutions. Ripple, the project behind XRP, differs from both Bitcoin and Litecoin in several key aspects: it relies on sale as opposed to mining as a means of freeing up new currency, and its transaction speeds are of a different order of magnitude (nearly 1,000 transactions per second to Bitcoin’s 7 tps) .</span>

While the ideas behind XRP date back to 2004, the currency was created in 2012 by Jed Caleb and Chris Larsen.

XRP is a cryptocurrency designed to facilitate transfers between financial institutions. Ripple, the project behind XRP, differs from both Bitcoin and Litecoin in several key aspects: it relies on sale as opposed to mining as a means of freeing up new currency, and its transaction speeds are of a different order of magnitude (nearly 1,000 transactions per second to Bitcoin’s 7 tps) .

While the ideas behind XRP date back to 2004, the currency was created in 2012 by Jed Caleb and Chris Larsen.

XRP price is all oevr the place. Image: Shutterstock.

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The price of XRP is back up to $0.17, up 14% since the start of the week. It has also made progress against Bitcoin too.

XRP continues its recent uptrend today, gaining 6.2% in the last day to reach as high as $0.177 below falling back slightly to its current value of $0.172.

XRP price makes gains against Bitcoin and USD

The price of XRP is back up to $0.17, up 14% since the start of the week. It has also made progress against Bitcoin too.

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