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

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Thu, 01/07/2021 - 12:05

Yuri Molchan

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.

XRP Soars Above $0.31, Surpassing Litecoin (LTC)

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.

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

Besides, the cryptocurrency market is now worth a breathtaking $1 trillion.

#Ripple News #XRP

About the author

Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.