Ripple’s rise is not slowing down as XRP sees the biggest bump in the past few weeks, hitting $0.30 while other coins such as ETH keep on falling. Following our latest Ripple XRP news, XRP saw a huge 42% pump over the previous week and I snow in the highest price level since Mid-February.
Most of the other popular cryptocurrencies soared in recent weeks. BTC for example visited the $12,273 level last night and Ethereum touched $400 but then in the last few hours of yesterday, both coins crashed. Bitcoin feels to $11,235 in five minutes and Ethereum dropped to $373. However, it seems that Ripple’s rise is not slowing down as it hit a peak of $0.30, jumping 42% over the past week. According to CoinMarketCap, BTC dropped by 3.5% in the past 24 hours and ETH increased by 4.89% despite the recent crash.
Ethereum’s drive was more ambitious and it hit a two-yearly high while XRP hit its highest price level since Mid-February. The joke’s on Ethereum today as the price dropped and XRP remained the only major coin that still beams with pride even if the current price is set a 91% off the all-time high set in 2018. XRP saw the largest price growth in the past week out of the top 20 cryptocurrencies ranked by market cap. XRP reached $0.25 which was a much-anticipated priced point that serves as a psychological resistance for all XRP Army members.
While the XRP Army members are pleased about the increase in price, there are some concerns that dumping will shorten the momentum. As seen on Whale Alert, Ripple moved a total of 1 billion XRP From an escrow wallet which is done once per month. The other question that lingers is the Ripple’s co-founder Jed McCaleb who was owed 9 billion XRP as a part of a settlement after departing from the company and what will happen with them. Another transaction showed that 56,330,248 XRP moved from a settlement account straight to his personal wallet.
In the other Ripple news, Ripple lawyers are trying to clear the company’s name in the battle against a class-action lawsuit that accused the company of securities fraud. In the documents, the company stated that the plaintiff Bradley Sostack failed to prove that the CEO of Ripple Brad Garlinghouse made false bullish statements in 2017. Sostak alleged that the Ripple CEO intentionally misled investors about the real value of the cryptocurrency.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]