XRP, Ripple’s cryptocurrency, is one of the standout coins today with an 11 percent increase. Thanks to the strong upward movement, the price of XRP has reached levels not seen since late July. Moreover, XRP can now once again call itself the fourth largest cryptocurrency on the market. What developments have contributed to the recent price rise?
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XRP is the third fastest rising company today, thus overtaking Building and Building (BNB) in terms of market capitalization.
There is no immediate catalyst observable today that led to XRP’s significant jump, but it is likely a result of the accumulation of several positive developments.
First, Ripple was created last Thursday a favour that Dubai Financial Services Authority The DFSA has approved XRP under the Digital Assets Regime. This allows companies holding a permit in Dubai International Financial Centre (Dubai International Financial Centre) includes XRP in its digital asset services.
On the same day, news also emerged that the Central Bank of Georgia National Bank of Georgiahas teamed up with Ripple to create its own currency Central bank digital currency (CBDC), digital lari.
To do this, you will leverage Ripple’s CBDC platform to manage and customize the full CBDC lifecycle, including token mining, distribution, redemption, and burning. With this step, the Eastern European country follows Hong Kong and Taiwan.
XRP is widely traded on Bitvavo
XRP is also listed on Dutch cryptocurrency exchange Bitvavo first place In terms of daily trading volume. XRP stands much higher than others with an impressive trading volume of over 18 million euros. Gas (GAS) claims 2H With a trading volume of just over €13 million, while Bitcoin (BTC) is thirdH The position is occupied for less than 12 million euros.
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