This week’s big market movement has been largely focused on Bitcoin which served as the catalyst once again. The second two largest crypto assets, Ethereum and XRP did not get such a boost and started to fall back quickly. That is until an hour or so ago when XRP finally woke up and started to surge.
During today’s Asian trading session the Ripple token surged from $0.330 to just over $0.337, its highest level for three months. The move has lifted XRP higher than Tuesday’s rally which saw huge gains for Bitcoin Cash and Litecoin. Daily volume is picking up again and is just over $2 billion.