- Ripple (XRP) is up nearly 10% and is currently trading at $0.201.
- The cryptocurrency’s Bitcoin pair is up 8% trading at 2147 Satoshis.
Ripple’s (XRP) is currently up 10% in the last 24-hours after breaking out of a bearish pattern. The cryptocurrency is now trading at $0.20, a price not seen in nearly a month.
As reported by The Crypto Associate, Ripple recently made it onto the CNBC’s 2020 Disruptor 50 company list as “a crypto answer to money transfer”. Furthermore, Asheesh Birla (SVP of Product and Corporate Development at Ripple) recently announced plans to open more On-Demand Liquidity (ODL) corridors later this year. Through ODL, participating institutions can source liquidity via XRP and net massive cost savings while settling in near-real-time.
XRP’s recent price surge has brought the cryptocurrency back above $0.20, a level not seen in nearly a month. While XRP’s USD price is on the rise, XRP’s price against Bitcoin has reached its highest price in over a month at 2147 Satoshis (0.00002147 BTC).
While the cryptocurrency dropped to a low of 1902 Satoshis on July 1, 2020, it has made a strong recovery thus far. It is also important to note that XRP’s price against Bitcoin may be more valuable in determining XRP’s performance as the USD price often reflects Bitcoin’s individual performance.
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