Ripple Breaks $2 and Keeps Pushing in Week-Long Bull Run
Cryptocurrency Ripple (XRP) shot up by almost 35 percent over the past 24 hours, trading at an average of $2.20 and occupying second place by market cap in the overall crypto market at press time.
The massive spike comes just over a week after the coin broke $1 for the first time last Thursday. The price then dropped again on Dec. 22, but rallied back up 57 percent the same day and has been following a bullish run since blowing past $1.50 today.
With a market cap now of $78 bln- Ripple is worth more than Uber, valued at $68 bln as of December 2017 according to the Wall Street Journal.
The cryptocurrency was trading stably at about $0.20 for the past six months, starting its notable growth on Dec. 12.
The investment profitability of Ripple, created in 2013, this year has surpassed that of Bitcoin.