The cryptocurrency market saw the prices of most cryptocurrencies rise a few days back. However, this uptrend did not impact XRP much, but at a time when most cryptocurrencies were correcting themselves, XRP was seen pumping.
At press time, XRP was registering a massive growth of 7.72% over the past 24 hours. The market sentiment pushed the cryptocurrency to break the resistance and pushed its value to $0.37, with a market cap of $15.53 billion. XRP noted a 24-hour trading volume of $2.07 billion while also noting a rise of 1.06% within the past hour.
XRP was highly traded on ZBG exchange via the XRP/USDT pair, followed by Upbit via XRP/KRW pair. The registered trading volume of the coin on the exchange was $122 million. The third place was taken by BW.com with a volume of $121 million via the XRP/USDT pair.
Another reason speculated for this sudden surge is exchange-traded products [ETPs] tied to the prices of XRP going live on the Nordic Growth Market, which is a subsidiary of the Borse Stuttgart exchange. The announcement that two ETPs for XRP would be available for investors based in the European Union, was made on Thursday.
A few days back Bitcoin showed a similar surge which helped it break the strong resistance at $5,000. However, the price dipped again. At press time, BTC was valued at $4,987.26 with a market cap of $87 billion as the largest cryptocurrency corrected itself.
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