Dear Readers,
At the time of writing this article, the global cryptomarket cap stands at 3.4 Trillion USD moving a positive of 0.5% from yesterday.
While BTC is trading at $ 96472 inching towards 0.75% from yesterday.
The BTC dominance is at 57.05 in the crypto markets.
In the cryptomarkets, we all know that XRP which is widely used in cross border payments and it is seen as an alternate and immediate payment measure to SWIFT. XRP was founded in 2012 by Chris Larsen and Jed McCaleb.
Currently in the cryptomarketcap, XRP is the sixth-largest cryptocurrency. XRP is known for its scalability and speed with the ability to process over 1500 transactions per second is the uniqueness of this crypto coin.
It is widely used by banks and financial institutions for international transactions, and is also available for retail investors to buy and trade on various cryptocurrency exchanges.
At present XRP is trading at $ 1.56, which is a high of 5.87% in the past 24 hours. It registered a high of 12.04% in the past 7 days.
Incidentally, XRP made the ATH on Jan 04, 2018 at $3.84 and currently XRP is trading at a -59.28% low from its All Time High price.
At this time, there are various news are cooking around XRP coin.
The noted Crypto enthusiast and commentor took the X platform and registered the following:
I will explain how XRP CAN GO TO $1000. You can thank me in the future. Banks can no longer do criminal fractional banking. When tokenized banking is a standard worldwide, banks need liquidity in the tune of billions of XRP. EVERY bank in the world having billions will make XRP so scarce that they need to buy it from you at premium to keep these transactions going. The market cap of XRP IS WORTH TRILLIONS SO THE CRYPTO SHOULD BE WORTH THOUSANDS. BUY IT CHEAP NOW!
At the other hand, in the last 24 hours, XRP has witnessed two major transactions to a total of 44 million tokens.
The prominent Blockchain tracker Whale Alert posted on November 28, 2024 that 18,783,349 XRP (27,227,070 USD) transferred from the Binance exchange to a unknown wallet. This news on XRP makes heated discussions on XRP coin again and the expectations around it. These are fueling a lot around XRP coin.
