XRP Price Surges Past $1, Regains the Top 4 Cryptocurrency List
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XRP Price Surges Past $1, Regains the Top 4 Cryptocurrency List

April 6, 2021      Jafrin Ahmed

XRP has broken the $1 price mark for the first time in three years. The digital asset has returned to the top 4 cryptocurrency list. The digital asset’s market cap has surged from $4 billion on April 4 to $26 billion on April 5 to stand currently at $43 billion. At the time, the digital asset is trading at $1.03.

XRP Price Has Increased by 69% Since the SEC Lawsuit

Over the past 24-hour period, XRP price has gone up 46.8%. This marks XRP the best-performing crypto-asset among the top 50 crypto assets by market cap in today’s crypto market performance.

The last time the coin rallied to hit a three-year high of $0.87 was on April 5. In the past week alone, the price of XRP/USD has been 71.43%. As for the year-to-date (YTD) period, the price of XRP/USD has gone up over 321.50%.

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Interestingly, since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against XRP’s parent company, Ripple Labs, the price of XRP has increased by over 68.88%.

Moreover, the digital asset has been in seventh place, pushed back first by Tether’s USDT stablecoin including cryptocurrencies such as Binance Coin, Polkadot, and Cardano’s ADA.

73 Million XRP Tokens Gets Moved

Almost 73 million XRP has been moved by two of Ripple ODL corridors along with a few other cryptocurrency exchanges, according to data shared by the Whale Alert team.

Over the past 24 hours, Bitstamp, BTC Markets, and several other cryptocurrency exchanges have transferred a total of 72.6 million XRP tokens, worth $64,916,397.

Bitstamp, a major crypto exchange based in Luxembourg, and BTC Markets, an exchange headquartered in Australia, are the On-Demand Liquidity corridors for Ripple Labs.

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Meanwhile, in January, Bitstamp suspended XRP trading after the U.S. Securities and Exchange Commission (SEC) announced a lawsuit against Ripple Labs on Dec. 21. The cryptocurrency exchanges were among multiple platforms that temporarily delisted XRP. Among them were Coinbase, Bittrex, Binance US, and others. Following delisting, Coinbase also has been founded multiple times moving the XRP token between internal to external wallets.

#Ripple Labs #SEC v. Ripple Lawsuit #XRP #XRP Price $1
Jafrin Ahmed
Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.