Bitcoin
BTC$20 345.66

0.68%

Ethereum
ETH$1 374.40

1.37%

Tether
USDT$1.000121

-0.01%

Binance Coin
BNB$296.73

0.69%

USD Coin
USDC$0.999979

0%

XRP
XRP$0.495963

4.48%

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.


Related

XRP price could rally by 50% based off comments from a former SEC director
XRP price could rally by 50% based off comments from a former SEC director
RoboForex adds 7 new cryptocurrencies
RoboForex adds 7 new cryptocurrencies
XRP mega whales scoop up over $700M in second-biggest accumulation spree in history
XRP mega whales scoop up over $700M in second-biggest accumulation spree in history
XRP gains 30% after Ripple gets permission to explain fair notice defense vs. SEC
XRP gains 30% after Ripple gets permission to explain fair notice defense vs. SEC
Ripple chair's pay-off plan to convince BTC miners to adopt Proof of Stake
Ripple chair's pay-off plan to convince BTC miners to adopt Proof of Stake
XRP price will fall to new lows vs. Bitcoin if this famous chart pattern plays out
XRP price will fall to new lows vs. Bitcoin if this famous chart pattern plays out
XRP below $1, futures open interest down by 75%
XRP below $1, futures open interest down by 75%
SEC loses a battle to win the war? Ripple dissociates from pumping XRP
SEC loses a battle to win the war? Ripple dissociates from pumping XRP
420M$ in leveraged long traders liquidated after XRP rallies to $1.96
420M$ in leveraged long traders liquidated after XRP rallies to $1.96

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 87.2% 21 $20 345.66 0.68% 4.63% $390 038 684 495 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 65.6% 78 $1 374.40 1.37% 2.72% $168 598 361 729 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000121 -0.01% 0.01% $68 220 841 049 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 82.8% 21 $296.73 0.69% 4.71% $47 874 262 742 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $0.999979 0% 0% $46 433 140 192 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 61.6% 85 $0.495963 4.48% 12.27% $24 728 013 610 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.000423 0.08% 0.06% $21 051 132 248 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74.8% 42 $0.435548 0.53% 0.07% $14 921 259 274 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 86.8% 21 $34.35 0.55% 2.13% $12 202 401 025 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 83.2% 21 $0.065040 0.21% 7.22% $8 628 855 287 DOGE 7 days price change
12 Polygon (MATIC) MATIC Polygon predictions 72% 56 $0.849285 1.08% 13.76% $7 417 926 072 MATIC 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 70% 59 $6.51 0.99% 1.37% $7 310 822 407 DOT 7 days price change
14 Dai (DAI) DAI Dai predictions 94.4% 1 $1.000258 0.05% 0.05% $6 791 926 054 DAI 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 91.2% 5 $0.062654 0.54% 4.96% $6 370 364 994 WTRX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.