The sixth largest cryptocurrency, XRP, has demonstrated an over 13-percent rise over the past twenty-four hours as its price has surged to the $1.22 level, according to CoinMarketCap.
After the rise to the $1.20 level on Saturday, XRP rolled back a little, dropping to the $1.13 mark. However, by now the growth has resumed, pushing the Ripple-affiliated cryptocurrency to $1.22.
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At the time of writing, XRP’s market capitalization stands at $56,870,400,811. It’s trading volume grew over 171 percent over the past twenty-four hours to reach $6,306,030,264.
he surge occurred on October 4 from the $47,000 area to the zone above $49,000. On October 7, the first jump above $55,000 took place for the first time since May.
As reported by U.Today earlier, Ethereum co-founder Vitalik Buterin has referred to the El Salvador’s experiment with Bitcoin as reckless on Reddit and slammed Bitcoin maxis for praising the country’s president.
Vitalik believes that forcing businesses to accept BTC is against the ethos of the crypto space. Besides, he reckons that many Salvadorans are likely to fall victims of hackers, since they lack the necessary basic education in crypto.