On 1 February, the price of Ripple’s XRP token rose above the $0.60 mark. The asset returned to third place by market capitalization, with a cap of $30.5 billion.
In the 24 hours, the cryptocurrency rose by 47%. As of writing, XRP trades at around $0.64.
In the market-cap ranking, XRP pushed Tether down to fourth place, with a valuation of $26.7 billion.
Data: CoinGecko.
On Saturday, 30 January, XRP price rose by more than 60%, breaching the $0.50 level. On the same day, Ripple representatives asked the U.S. Securities and Exchange Commission for information on why the agency does not regard Bitcoin and Ethereum as securities.
As reported on 31 January, RippleNet’s managing director Ashish Birla said the company was discussing with central banks the use of the XRP Ledger as the basis for national digital currencies.
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