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BTC$29 815.26

1.01%

Ethereum
ETH$2 000.88

1.06%

Tether
USDT$0.998909

0.01%

USD Coin
USDC$1.000209

-0.03%

Binance Coin
BNB$316.28

1.60%

XRP
XRP$0.416706

0.37%

XRP Hits Two-Month Price High in Wake of Ether Rally


06 Apr 2021

#XRP

XRP, the cryptocurrency used in Ripple Labs’ payments network, is rallying on the coattails of altcoin leader ether (ETH, +1.15%)‘s recent move to record highs. XRP rose to $0.72 early Monday to hit the highest level since Feb. 2 and was last seen changing hands near $0.70. The third-largest cryptocurrency by market value has gained 18% in the past 24 hours, according to CoinDesk 20 data.

The price rise comes three days after the Ethereum blockchain’s ether token set new lifetime highs near $2,100. Since then, the second-largest coin has established a foothold above $2,000, helping XRP and few other alternative cryptocurrencies such as tron (TRX, +20.47%), stellar (XLM, +17.28%), orchid (OXT, +23.37%), bitcoin cash (BCH, +9.99%), and eos (+12.06%) score gains amid the dull action in bitcoin (BTC, +1.17%) – the crypto market leader.

“We’re not seeing anything specific to XRP and the move feels more like an altcoin season type move given outperformance in other tokens as well,” Joel Kruger, currency strategist at LMAX Digital, told CoinDesk. Names like TRON and siacoin (SC, +18.11%) “are performing even better than XRP on this more thinly traded Easter holiday Monday.”

With a move to two-month highs, XRP has now completely reversed losses suffered in December after the U.S. Securities and Exchange Commission (SEC) filed a case against Ripple for raising $1.3 billion by selling XRP in unregistered securities offerings. Ripple executives’ attorney James K Filan tweeted on Saturday that Ripple and the SEC have reached an agreement to keep the payment company’s two of the four private email correspondences from being scrutinized under the ongoing lawsuit. So far, analysts are not sure if that’s powering XRP higher.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 57.6% 84 $29 815.26 1.01% -0.39% $567 877 135 044 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 56.8% 88 $2 000.88 1.06% -2.66% $241 865 980 181 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.998909 0.01% -0.01% $73 195 168 297 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000209 -0.03% 0.01% $53 074 379 147 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 59.6% 88 $316.28 1.60% 6.46% $51 641 959 049 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 60.4% 89 $0.416706 0.37% -1.83% $20 144 872 785 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000981 0.08% 0.01% $18 535 892 542 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 59.2% 91 $0.534887 -0.11% -1.96% $18 046 551 403 ADA 7 days price change
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11 Polkadot (DOT) DOT Polkadot predictions 56.4% 87 $10.07 1.95% -6.03% $9 947 461 943 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 59.6% 90 $31.50 5.22% -8.25% $8 476 885 368 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 57.6% 84 $29 803.20 1.19% -0.35% $8 243 652 197 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 70.8% 53 $0.076135 1.95% 11.63% $7 366 247 062 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 94% 1 $0.999947 -0.11% -0.03% $6 528 397 233 DAI 7 days price change

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