After 60% Surge over 24 Hours, Ripple (XRP) Now Overtakes Ethereum as No. 2 Crypto

After 60% Surge over 24 Hours, Ripple (XRP) Now Overtakes Ethereum as No. 2 Crypto

The fall-out from the recent announcement of a new platform, xRapid, which uses XRP as the basis of a new cross-border, fee-less payments solution has taken on yet new momentum. Over the last twenty-fours, XRP’s token price has seen a stunning surge of 60%, now making it the no.2 cryptocurrency by market capitalisation. 

xRapid is expected to release its platform in October, and as news of the prospect of real-world adoption by existing banking institutions of the new payments solution continues to filter out into the wider crypto-currency community, the result has been a major bull-run on Ripple’s price. 

Ripple and Ethereum are now both currently locked in terms of market cap, both displaying a value of just over $23.3 billion at the time of writing (figures sourced from CoinMarketCap).

Bulls Are Back – for Now

Ripple’s surge occurs on a day in which half of the top 20 cryptocurrencies are displaying double-digit gains for the last twenty-four hours.

The other big winner’s from today’s mini-bull run are Stellar (up 22%) and Cardano (up 18%), with Bitcoin itself up by just under 5% with some analysts predicting a new break-out that may see BTC heading back to $7k.