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XRP Soars 60% To Become Fourth Cryptoasset By Market Cap Again

Ripple’s XRP token price suddenly surged over 60%, breaking the $ 0.5 milestone.

The asset’s growth was accompanied by a surge in trading volumes.

Binance’s 4-hour XRP / USDT chart from TradingView.

XRP has returned to the fourth spot in cryptoasset market cap ratings, displacing Polkadot.

Data: CoinGecko.

“XRP uses the same rocket fuel that Dogecoin did yesterday,” wrote user KingJamesDHorrid.

Dogecoin, which he mentioned, grew by more than 400% on Friday, having briefly been in the top 10 cryptocurrencies by capitalization.

Earlier today, ForkLog reported that Ripple has filed a response to an SEC lawsuit alleging that the unregistered securities allegations are based on “unprecedented and ill-conceived legal theory.”

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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