Ripple-affiliated XRP cryptocurrency soared to $0.317 at 4:33 UTC on the Bitfinex exchange, reaching its highest level since Dec. 25, 2020.
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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.