- XRP's price increased by 30% in the past day.
- Its weekly increase is 48%.
- Coinciding with this week's rally is the prospect of a Covid-19 jab and Biden's success in the US election.
Overall, the global crypto market cap increased by 3% to $529.5 billion.
In the past week, BTC, XRP and ETH boomed. Bitcoin’s price jumped by over 15%, up from $15,865, and Ethereum’s price recorded an 11% increase, up from $457. XRP’s weekly increase is 48%.
XRP is a cryptocurrency favored by payments institutions, who use it for real-time settlements and moving money across banks at low costs.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.