Ripple (XRP) is one of the starts this Thursday. The altcoin managed to climb up by 5% and surged ahead of Ethereum while adding $2 billion to its market cap, as featured in today’s crypto news. Meanwhile, the crypto markets managed to climb slowly higher.
The total market capitalization is now at $115 billion and progress is slower going up than it is coming down. Bitcoin is still stuck at its new resistance level of $3,500 and it looks like it cannot overcome it. The daily volume for BTC has remained at $5.8 billion but the market dominance has dropped back below 53%.
Meanwhile, Ethereum (ETH) looks like it is suffering. The third largest token in the market has clawed back 3.5% to face $110 but still remains in a weak position. The market cap gap to XRP has now doubled as Ripple is surging, especially after the news that SWIFT has partnered with R3 which has a blockchain product using XRP – and which gave XRP a major boost.
The CEO of Ripple, Brad Garlinghouse, met with the CEO of SWIFT in Paris to discuss the future of cross-border payments but no direct partnerships were mentioned. Either way, XRP is the only altcoin now in the top 50 which managed to surge with double digits as its daily volume doubled to $880 million.
Ripple is now trading at $0.308 and looks stable despite its minor correction overnight.
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