XRP surges by over 4% in an hour; many speculate American Express’ mention of Ripple as reason
The prices of most cryptocurrencies followed the lead of Bitcoin, however, XRP surged on July 7 with American Express’ mention of Ripple and XRP. Within the past hour, the third largest coin surged by over 4% in an hour. XRP had been seeing a sideways movement for a long time, this sudden surge in its price motivated the community and provided the coin with the required momentum.
At press time, XRP was valued at $0.4005 with a market cap of $16.79 billion. The price of the coin noted a sudden surge of 7.79% on July 6 and was seen going through a correction phase; however, the coin pushed the bears away for now, as it surged by $.03% in an hour as the 24-hour trading volume was noted to be $1.60 billion. In the past seven days, XRP plunged by 6.75% but reversed the trend in the past day as it noted 2.45% growth.
The coin was highly traded on BW.com with XRP/USDT pair as it noted a 24-hour trading volume of $129 million. HitBTC followed BW.com, as it noted a volume of $114 million with XRP/BTC pair. The third place was taken by Bitker that reported a trading volume of $82 million with XRP/USDT pair.
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