Ripple price hits new high: XRPUSD touches $2.78, market cap 43% of bitcoin

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The price of Ripple did not stop after conquering the second place from Ethereum. The cryptocurrency that is gaining interest from Japanese banks continues rallying with XRP/USD hitting a high of $2.65. The previous record was $2.49, in a double-top formation that did not last for too long.

The cross-border payments solution for big banks received a boost a few days ago from rumors that it would be included in Coinbase, the largest exchange for digital coins. It is some 17% higher on the day and around 120% higher on the week.

The current market cap of Ripple is around $112 billion. For comparison, bitcoin is at $255 billion while Ethereum is only at $86 billion. That puts Ripple’s market cap at around 43% of bitcoin’s. There is still a lot to go in order to dethrone bitcoin as the No. 1 crypto coin.

Update: the surge continues and the coin reached 2.79. The market cap is around 120 billion.

The CEO of Ripple recently ridiculed bitcoin by saying that the coffee gets cold while you wait for that bitcoin payment to be confirmed. Ripple boasts a transaction time of 4 seconds. We have recently seen that for bitcoin, there is such a thing as bad publicity. Will it happen to Ripple as well?

Here is the recent hourly chart of XRP/USD showing the recent rise.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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