XRP Leads the Crypto Market With the Price Surging 16%

Siamak Masnavi

On Tuesday (18 September 2018), XRP showed the rest of the top 100 cryptocurrencies how it is done by recording the largest gain (up 16% against USD) in the past 24-hour period, and in the process lifting the whole mood of the crypto market (most of the top 100 cryptocurrencies currently in the green, with BTC price at $6.336, up by 0.54%, and ETH price at $209.38, up by 2.29%).

Here is the one-day price chart (provided by CryptoCompare) for XRP:

One Day Price Chart for XRP - 18 Sep 2018.png

As you can see from the above chart, around 15:45 UTC + 01:00, the XRP price reached its intraday high of $0.3338, which happens to be its highest price since September 2nd. At the time of writing (around 18:30 UTC + 01:00), the price has retreated slighly to $0.3156, up 15.77% in the past 24-hour period.

So, what is behind the third most valuable cryptocurrency doing so well today?

Well, as covered by CryptoGlobe, the XRP community got a fantastic bit of good news on Monday. In an interview with CNBC, Sagar Sarbhai, Ripple's Head of Government & Regulatory Relations (for APAC & Middle East), had this to say about Ripple's xRapid:

I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.

According to XRP Charts (a tool provided by Ripple), in the past 24-hour period, the total XRP trade volume (across all crypto exchanges) was around $440 million, with the largest volume (around 20%) on Binance:

XRP Charts - 18 Sep 2018.png