RATE Group | Ripple Price (XRP) Records 16% Rally as Cryptocurrency Market Booms
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Ripple Price (XRP) Records 16% Rally as Cryptocurrency Market Booms

17 Aug Ripple Price (XRP) Records 16% Rally as Cryptocurrency Market Booms

Posted at 23:05h in Cryptocurrency News by

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ripple price gun bang

A bullish correction has “rippled” across the cryptocurrency market today, with the ripple price (XRP) leading a widespread altcoin comeback.

Ripple Price Marches Back

The XRP/USD trading pair on Friday jumped more than 16 percent, rising from 0.29065-fiat to 0.32853-fiat. The upside adds up to a 37 percent increase since the pair established its bottom at 0.24711-fiat. At the same time, the XRP market cap is now just shy of $13 billion.

ripple price
XRP/USD | Bitfinex

The rally coincides with one of the Ripple Labs’ latest announcement concerning their plans to strengthen xRapid, a cross-border banking solution. The company named three “preferred” exchanges as their partners – Bittrex (USA), Bitso (Mexico), and Coin.Ph (Philippines), based on their high XRP holdings. Therefore, banks that are associated with Ripple Labs can now open an account at the exchanges mentioned above and trade their local fiat for XRP, which later can be used to facilitate cross-border transactions…

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