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XRP Gains 91% In One Month, A Rally On Trend With Bitcoin And Ethereum's Recent Price Swings
Summary: XRP has gained 91% over the past month, finding a rally in line with competing cryptocurrencies Bitcoin and Ethereum. The rise in unique addresses, buybacks from Ripple and the possibility of a new product release are three possible factors which could have spurred the rally, as reported by Cointelegraph. On Friday crypto analytics firm Santiment ...
XRP has gained 91% over the past month, finding a rally in line with competing cryptocurrencies Bitcoin and Ethereum.
The rise in unique addresses, buybacks from Ripple and the possibility of a new product release are three possible factors which could have spurred the rally, as reported by Cointelegraph.
On Friday crypto analytics firm Santiment noted that active addresses interacting with XRP was at the highest point since May 1. In Q3 of 2020 Ripple also bought back $45.5 million worth of XRP in a repurchasing program designed to support the market.
In early November Ripple also filed a trademark for a new product called Paystring. The product reportedly would be used for sending and receiving remittances.
By Emily Mason
Tags: Altcoins,Bitcoin,BTC,ETH,Ethereum,Ripple,XRP
Link: XRP Gains 91% In One Month, A Rally On Trend With Bitcoin And Ethereum's Recent Price Swings [Copy]
