One of the world’s leading cryptocurrency exchanges may list Ripple’s XRP on its trading platform. While the rumor stands unconfirmed, its impact is already visible on the XRP’s market cap, which has come close to surpassing that of Ethereum.
The token on Tuesday surged as much as 26 percent from its November 4 low at $0.449, forming intraday peak towards $0.569 on the BitFinex exchange. The rally saw aggressive buying action with traders entering long positions on higher high formations. A downside correction ensued during the early European trading session. XRP dropped down and now seems to have located moderately strong support at $0.528.