Blockchain General News

A 77% percent jump today take makes Ripple the second largest cryptocurrency

Bull Market

On Friday 21st September marks one of the most important days for Ripple as it jumped by 77% in the last 24 hours to $0.652. The cryptocurrency has seen a $0.25 low earlier this week and at press time Ripple is trading at $0.58,  according to coinmarketcap.

On CNBC, Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East, said in a statement “I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

a study reveals crypto price fluctuation can be predicted through google search volume/

The second largest cryptocurrency is aiming to take Swift system for money transfer via banks live in production.

At press time Ripple has a market cap of more than of over $$23.26 billion and Ethereum  has a market cap of over $23.17 billion as per coinmarketcap. The price volatility of Ripple seems like it would not be able to keep a position of the second largest cryptocurrency for a very long time.

The Xrapid is planned to launch next month by the company. Ripple, to pass the market cap of Bitcoin would need to go up more than $2.75.

Bitcoin is up by 5% after US regulators had postponed another ETF decision and experts in this space believe that it would be outright rejected which could see a huge drop in price.