The cryptocurrencies market traded higher overnight and today with only a few cryptos showing losses. However, only one dominant cryptocurrency deserves our attention at this moment, and that’s XRP (XRP), the renowned crypto token of the Ripple FinTech company. XRP managed to surpass Ethereum (ETH) by market capitalization but dropped back to the third position for now. What’s for sure is that XRP (XRP) is rallying.
XRP (XRP) price
At the moment of this article, the Ripple’s XRP crypto token is going on a very bullish path as it surged by about 55% in the last 24 hours, now trading at $0.571. Even though the XRP is far from its all-time maximum, above $3 set in January 2018, this new surge is a quite considerable one and indeed might mean the full recovery of the crypto token.
During the past seven days, however, XRP (XRP) shows an even higher surge as it skyrocketed by more than 102%.
XRP (XRP) is going to surpass Ethereum (ETH)
As we speak, there is an exciting race between XRP (XRP) and Ethereum (ETH). Earlier today, Ripple’s crypto token jumped on the second position in the cryptocurrencies market but dropped back to the third one.
However, at the moment of this writing, the difference between the two top-3 cryptos is of only 900 million which in the crypto market is not much.
The Ripple’s head of regulatory relations for Asia-Pacific and the Middle East, Sagar Sarbhai, revealed that the FinTech company works on the launch of its xRapid payment network next month.
“We’ve been working on this product for the past two or three years, and I am very confident that in the next month or so you will see some good news coming in where we launch the product live in production,” said Sagar. Additionally, Ripple also announced it’s working on a new product that combines xRapid, xCurrent, and xVia.
Therefore, XRP (XRP) is bullish and is going to surpass Ethereum (ETH).