Bitcoin Surge Pushes XRP to $0.559
Ripple (XRP) is trending bullish after Bitcoin rallies to $52,425.
As Bitcoin (BTC) moves higher, it is lifting the other cryptos as well, creating a market boom. Most of the cryptocurrency market headlines are dealing with Bitcoin’s recent bull trend, but other cryptos are worth a look from investors who want to make a profit with something other than Bitcoin.
Bitcoin has climbed nearly 17% over the last seven days, at press time, having dropped only slightly from its late Valentine’s Day high. Ripple, in response, has managed to gain 7.27% in that same 7-day period.
XRP is up 3.33% for the last 24 hours, and activity is picking up as well. The trade volume for XRP has increased by 42% since Wednesday, making this one of the most active coins on the market for Thursday morning.
Ripple’s Success Is More Than Just Numbers
Ripple is picking up momentum by acquiring new assets, including the purchase of the custody solution Metaco and an earlier purchase of Standard Custody. It was only last year that Ripple enjoyed a legal victory against the SEC, with a 2023 win that legitimized the token and is helping to pave the way for further legitimation for the entire industry.
Ripple’s portfolio is growing, and it now has its hands in more of the crypto market than ever before. The coin is a long way from its all-time high of $3.84 and is down overall for the last 30 days, but the recent surge is likely going to help propel it even further along a bullish line for a while.
Ripple is working hard to comply with regulatory requirements, and it is acquiring new digital assets and partners that will strengthen its business and functionality prospects moving forward. Expect to see this coin continue to do well and stay near the top of the market in the coming months. Even though Bitcoin is giving Ripple a boost, the coin is doing quite well on its own.
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