Ripple’s XRP token has recorded nice gains recently, rising close to 20% within 24 hours. When explaining this price rally, analysts pointed to several factors, including rumors that major digital currency exchange Coinbase will soon list the XRP token for trading.
The digital token reached $0.98 this morning resulting in a market cap of around $38.4 billion according to CoinMarketCap. Several analysts pointed to financial institutions’ growing use of Ripple technologies when explaining XRP’s recent gains.
To us, XRP is one of the most promising coins in the cryptocurrency space.