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XRP exceeds $ 1 for the first time since March 5, 2018

On Tuesday (April 6), at Bitstamp, the price of XRP reached a high of US $ 1.01307. This is the highest XRP price seen in 1,128 days.

According to TradingView data, XRP is currently trading at around $ 1, which means that in the past 24 hours, the price of XRP has risen 38.29%. This makes XRP the best performing crypto among the top 50 cryptocurrencies by market cap.

In the past seven days, the XRP-USD appreciated 71.43%. As for the annual period, the XRP price appreciated 321.50% against the USD.

Interestingly, since December 20, 2020, the day the SEC began a lawsuit against Ripple, the price of XRP has increased by more than 68.88%.

Here are some XRP statistics from the “XRP Charts” website:

XRP exceeds $ 1 for the first time since March 5, 2018 22

XRP exceeds $ 1 for the first time since March 5, 2018 23

Source: XRP Charts (as of 09:30 UTC on April 6, 2021)

There are probably three reasons why XRP is doing reasonably well at the moment despite the process the SEC initiated on December 22, 2020 (which has caused XRP to be delisted from several U.S.-based cryptocurrency exchanges.

  • Bitcoin spent the last month in the $ 55K – $ 60k range giving altcoins market space, with some investors / traders shifting their investments to altcoins.
  • XRP is the “cheapest” currency among the top 10 cryptocurrencies and its price is lower compared to its historic high of $ 3.31, which was reached in January 2018.
  • A victory by Ripple over the SEC could take cryptocurrency to new heights.

Source: CryptoGlobe

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