XRP Soars Above $0.31, Surpassing Litecoin (LTC)

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Thu, 01/07/2021 - 06:45
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Alex Dovbnya
XRP has reached a two-week high, rallying together with the rest of the cryptocurrency market
XRP Soars Above $0.31, Surpassing Litecoin (LTC)
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Ripple-affiliated XRP cryptocurrency soared to $0.317 at 4:33 UTC on the Bitfinex exchange, reaching its highest level since Dec. 25, 2020. 

XRP
Image by tradingview.com

Related BREAKING: Bitstamp Becomes First Major Exchange to Halt XRP Trading Due to SEC Lawsuit
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BREAKING: Bitstamp Becomes First Major Exchange to Halt XRP Trading Due to SEC Lawsuit

It has now increased its lead over Litecoin, holding onto its fourth place on CoinMarketCap. The two cryptocurrencies are worth $13.2 billion and $11.17 billion, respectively. 

With that being said, XRP is still down over 63 percent from its November peak of $0.783. The cryptocurrency has been clobbered by the SEC's lawsuit against Ripple Labs.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.