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Why Is XRP Soaring Even As Bitcoin, Ethereum Slump? – XRP – United States Dollar ($XRP)

Why Is XRP Soaring Even As Bitcoin, Ethereum Slump?
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XRP (CRYPTO: XRP) It rose 8% to $0.9056 in the 24 hours before Sunday night.

What is moving? The value of the cryptocurrency linked to Ripple Inc has increased by 9.78% over a seven-day tracking period.

XRP traded up 11.57% and 11.59% against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in a row within 24 hours.

XRP is down 16.07% over the past 30 days and has lost 3.75% of its value on a 90-day basis.

Since the beginning of the year, XRP has gained 283.22%. The coin touched an all-time high of $3.84 in January 2018.

See also: How to buy XRP (XRP)

Why are you moving? XRP is seen moving higher even with the majors trading in the red. The global cryptocurrency market cap is down 2.07% to $2.19 trillion at the time of writing.

XRP was among the most mentioned coins on Twitter at the time of publication. It attracted 1,221 tweets, according to Cointrends data.

The most cited coins were BTC and ETH, which attracted 8,761 and 3,784 tweets, respectively.

XRP has seen a lot of interest from retail traders at the time of writing and is at the top of the trend indicator, according to the list maintained by Stocktwits.

Ripple on Sunday announced a partnership with the Republic of Palau, an island nation in the western Pacific Ocean, to explore the country’s first digital currency and its use cases with the XRP Ledger (XRPL).

“The first phase of the partnership will focus on a cross-border payments strategy and explore options for creating a national digital currency, providing Palau citizens with greater financial access,” he said. Surangel Whips Jr., President of Palau.

read the following: Ripple CEO Confident of Defeating SEC Fee

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