What’s going on with XRP? Five reasons why the Ripple-issued crypto is surging – DL News
- The Ripple-issued token is trading at a six-year high.
- What’s behind the surge and how far will it go?
XRP soared to become the third most valuable cryptocurrency in the world when it hit $2.48 on Monday — its highest price in six years.
While it’s still off its 2018 high of $3.40, Arthur Azizov, CEO of crypto exchange B2BinPay, told Forbes that many factors suggest the cryptocurrency issued by US blockchain company Ripple may eclipse that record.
Trump’s victory
Donald Trump’s win in the US presidential election November 5 is chief among those reasons, Azizov said.
The Republican candidate’s victory sparked the return of bullish enthusiasm in the crypto market as investors bet the president-elect will fulfill pro-crypto promises….
