Ripple-affiliated XRP cryptocurrency soared to $0.317 at 4:33 UTC on the Bitfinex exchange, reaching its highest level since Dec. 25, 2020.
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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.