RATE Group | Ripple: Bitcoin rival suddenly doubles in value in extraordinary price surge
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Ripple: Bitcoin rival suddenly doubles in value in extraordinary price surge

Ripple: Bitcoin rival suddenly doubles in value in extraordinary price surge

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The cryptocurrency market has experienced a dramatic surge, with bitcoin, ethereum and ripple rising in price by between 5 per cent and 100 per cent over the last 48 hours.

Ripple (XRP) saw the biggest gains, doubling in price since Wednesday to rise above $0.50 for the first time since June.

The world’s third most valuable cryptocurrency is notoriously prone to rapid price rises and falls, peaking above $3.80 in January before a sudden crash.

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