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XRP Tops $100B Market Cap, Reaches 2018 Levels, as Ripple's RLUSD Close to Approval


//business-finance.news-articles.net/content/202 .. -levels-as-ripple-s-rlusd-close-to-approval.html
Published in Business and Finance on Sunday, December 1st 2024 at 22:01 GMT by Bill Williamson   Print publication without navigation

  • The surge brought 7-day gains to 30%, outperforming bitcoin (BTC) and other majors, while 30-day gains stand at nearly 300%, data from CoinGecko show.

The article from Yahoo Finance discusses the significant milestone reached by XRP, the cryptocurrency native to the Ripple network, as it surpassed a $100 billion market capitalization. This surge in value was highlighted by XRP's price reaching $1.05, marking a notable increase from its previous levels. The article attributes this rise to several factors including increased adoption by financial institutions, positive developments in Ripple's ongoing legal battles with the SEC, and broader market trends favoring cryptocurrencies. It also mentions the potential impact of Ripple's partnerships and the expansion of its On-Demand Liquidity (ODL) service, which uses XRP for cross-border payments, thereby enhancing its utility and attractiveness to investors. The piece concludes by noting the volatile nature of cryptocurrencies but underscores XRP's growing prominence in the digital asset space.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/xrp-tops-100b-market-cap-112003577.html ]

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