There are all kinds of predictions that are revealed amidst the market recovery these days following multiple corrections, and now, the latest one is about XRP. Check it out here.
XRP took off on a massive 50% price rally over the past five days, and it managed to move up a couple of spots in the market cap rankings as a result.
As the online publication the Daily Hodl noted, the digital asset was trading around $0.60 on February 3rd, and it surged all the way past $0.90 at one point on Tuesday.
At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.87.
XRP sits in the 6th position on CMC
The price increase boosted XRP’s market capitalization to more than $42.26 billion. This made the coin surpass the smart contract platforms Cardano (ADA) and Solana (SOL) to reach 6th in the market cap rankings.
As the online publication mentioned above notes, this places XRP behind Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), and USD Coin (USDC).
Check out what crypto analytics firm Santiment noted about the coin:
🥳 $XRP is +37% the past 4 days, and finally is reacting to its daily active address uptick that started in mid-January. #XRPNetwork‘s coin currently sits a tick above $0.82 and is outputting the same addresses as it did in early November at $1.18. 📈https://t.co/HN1kNwa5CE pic.twitter.com/mjIBLWnsjx
— Santiment (@santimentfeed) February 8, 2022
The same online publication revealed that Eleanor Terrett, a journalist at Fox Business Network, has also reported on new developments in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple.
Breaking — per @EleanorTerrett, people associated with the @SECGov case against @Ripple believe case will stretch into the summer but worry that the pending @WhiteHouse report on crypto could negatively impact @Ripple’s case by possibly classifying $XRP as a security more at 130
— Charles Gasparino (@CGasparino) February 7, 2022
Stay tuned for more news and also make sure to keep your eyes on the crypto market.
