top of page

XRP Jumps 20% After Mysterious Binance Transfers as Crypto Rally Expands to Laggards

Ripple (XRP), the native cryptocurrency of the XRP Ledger payment network developed by Ripple Labs, advanced over 20% Monday, snapping its downtrend versus bitcoin (BTC) as the crypto rally broadened. CoinDesk data shows that XRP sharply jumped to $0.74 in a little more than an hour Monday afternoon UTC time, notching its highest price since a very short-lived spike last November amid speculation about a potential BlackRock-managed XRP ETF. Today's 20% gain made XRP the best-performing asset in the broad-market CoinDesk 20 Index (CD20), which was higher by 5%. XRP's rally could be a sign of traders turning their attention and rotating some of their capital to tokens.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!


bottom of page