Ripple (XRP), the third-biggest cryptocurrency in the world, is at the forefront of the ongoing crypto market recovery, witnessing more than a 10 percent spike in a matter of minutes. Subsequently, XRP price has recently surged above $0.30 for the first time in nearly two weeks (it was at $0.322 at press time).
Recently, U.Today has also reported that Ripple’s new cryptocurrency project xRapid is already in the offing. That, combined with the upgraded XRP ledger, might be one of the primal reasons behind the abrupt increase of XRP price. However, the strange timing indicates that other factors might be involved as well.