Several analysts have associated the sudden rise in XRP to the latest announcement from the cryptocurrency exchange Binance. Yesterday, the giant announced the launch of perpetual futures sure XRP and Tether (USDT).
In a statement, the Chinese cryptocurrency exchange, now based in Malta and Singapore, said that Binance Futures had launched his third perpetual contract on XRP / USDT with leverage up to 75 times.
The rise in the digital token also follows the latest comments from the CEO of Ripple, Brad Garlinghouse. At the end of December, he claimed that 2019 had been the best year for Ripple and that money transfer companies, including the giant MoneyGram, had committed to using On-Demand Liquidity (operator XRP).
Contrary to Bitcoin which recorded strong growth in 2019 (+ 85%), XRP lost investor support and almost 50% of its value.
After hitting the $ 0.22 last night, XRP now evolves around $ 0.21 for a total market capitalization of ~ 2.4 billion dollars.
Over the past 24 hours, the majority of cryptocurrencies are progressing. Bitcoin recorded a gain of 4.3%, Ethereum (+ 2.72%), Bitcoin Cash (1.95%) and litecoin (+ 1.40%).
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