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XRP Breaks Above $0.70 As Coin Continues to Pump

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Mon, 02/01/2021 - 11:17
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Yuri Molchan
XRP, which has recaptured its third largest coin status, has surged above the $0.70 level to the joy of the XRP army
XRP Breaks Above $0.70 As Coin Continues to Pump
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XRP is showing a rise of over 50 percent over the past 24 hours and has finally broken above the $0.70 price level after breaching $0.60 twice earlier today.

XRP
Image via TradingView

As a result of the current pump, XRP has demonstrated a rise of 157 percent over the past three days and has recovered to the third spot as its market capitalization value has surpassed those of Polkadot and USDT.

Related
Ripple Releases 1 Billion XRP from Escrow, While XRP Soars to $0.66

Santiment data agency believes that the current XRP pump is taking place thanks to 200,000 traders in a Telegram group called "Buy and Hold XRP," which emerged only two days ago when XRP started rising above the $0.30 mark on Saturday.

XRP
Image via Twitter

Earlier today, XRP, as usual, released a whopping one billion coins from its escrow wallet, while other major crypto traders like Bitstamp and Coinbase transferred more than half a billion XRP.

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About the author

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.