Bitcoin
BTC$64 182.15

-1.13%

Ethereum
ETH$3 505.45

-0.52%

Tether
USDT$0.999494

0.01%

Binance Coin
BNB$582.96

-0.74%

Solana
SOL$133.78

-0.17%

USD Coin
USDC$0.999976

-0.01%

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 88.8% 17 $64 182.15 -1.13% -2.88% $1 265 359 919 551 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 86.4% 22 $3 505.45 -0.52% 0.66% $428 633 442 638 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999494 0.01% 0% $112 834 265 370 USDT 7 days price change
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5 Solana (SOL) SOL Solana predictions 72% 62 $133.78 -0.17% -6.85% $61 805 194 613 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.8% 3 $0.999976 -0.01% 0% $32 724 892 956 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 82.8% 33 $0.488351 -0.34% 2.87% $27 161 181 606 XRP 7 days price change
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11 Avalanche (AVAX) AVAX Avalanche predictions 65.2% 73 $27.30 -1.57% -9.52% $10 749 125 174 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 55.6% 94 $0.000018 -1.23% -10.84% $10 551 978 505 SHIB 7 days price change
13 TRON (TRX) TRX TRON predictions 95.2% 1 $0.118016 1.15% 1.39% $10 296 460 331 TRX 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 91.2% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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