XRP Surges Towards $0.30 While Ripple Releases 1 Billion XRP Tokens From Escrow

The fact that Bitcoin BTC is currently recovering lower doesn’t mean altcoins are following its lead. Altcoins are currently outperforming Bitcoin and XRP is one of the tokens that is taking the lead.

It’s not clear when the bull rally will end or how higher XRP will go short-term. However, the bull run is a welcome development for the XRP token since its price has been stalling for more weeks, months, and even years at a time.

In other news, Ripple has just unlocked more than 1 billion XRP tokens from its escrow holdings. This is part of their scheduled withdrawal but it hasn’t prevented the XRP token from surging significantly against the USD at this time. The XRP community has always bashed Ripple for its XRP sales.

This time, however, their actions didn’t affect the price of the token. So, it’s possible that Ripple might not hold all the blame for the poor price performance of the XRP token over the years.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

  • Ripple XRP Continues to Rise in Parabolic Bull Rally, Next Target at $0.3000
  • Ripple Releases Another 1 Billion XRP Tokens from Its Escrow Account

Ripple XRP has joined Bitcoin and the rest of the cryptocurrency market in an epic bull run. Typically, while the XRP token doesn’t usually move at the same pace as the other tokens in the market, it is currently one of the best performing altcoins on CoinMarketCap. XRP is rising because investors are increasing their stakes at the same time. The same thing is happening to Bitcoin BTC, Ethereum ETH, and other tokens. If the XRP token keeps rising at this rate, it will most likely reach the $0.30 level before the end of trading today.

Ripple XRP Aims for the Moon

At the time of writing, the price of Ripple XRP is $0.297620. It is up by 11.22% against the USD and up by 14.89% against Bitcoin BTC. For the last few days, XRP has been on the rise and the bulls have been in full control of the market. The 24 hour trading volume is $4,884,001,341 and the market capitalization is $13,352,008,425.

XRP’s current surge is incredible but it is not an isolated movement. The Bitcoin BTC token surged as high as $12000 toward the end of trading yesterday.

However, it lost more than $1500 of its gains moving back to the $11k level. At the time of writing, the price of Bitcoin BTC is $11,208.89. It is down by 3.73% against the USD with a trading volume of $30,131,514,046 and a market capitalization of $206,795,060,068.

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