Ripple-Affiliated XRP Climbs Back to $0.35 as Bitcoin Hits $38,000

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By Yuri Molchan

Thu, 7/01/2021 - 12:05

Fourth biggest cryptocurrency, XRP, has recovered to the $0.35 area after falling to $0.18

Ripple-Affiliated XRP Climbs Back to $0.35 as Bitcoin Hits $38,000

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Ripple's XRP has surged back to the $0.35 level, showing an over 54 percent rise. Earlier today, it spiked above $0.31.

Doing so, the coin surpassed Litecoin by market cap value and recaptured its fourth position on CoinMarketCap, though Tether is still holding third place, where XRP resided for a long while.

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XRP is recovering pretty quickly, driven by the massive Bitcoin rally as the flagship cryptocurrency has reached a new all-time high by topping $37,000 on Jan. 6.

At press time, Bitcoin has topped $38,000, per TradingView, and it is pulling ADA, XLM, XRP and other altcoins along.