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Ripple News: 12 Things for XRP Investors to Know Today

Cryptocurrency traders are likely keeping a close eye on Ripple news as the price of XRP climbs higher on Tuesday.

Image of physical Ripple (XRP) cryptocurrency.
Source: Shutterstock

Here’s what investors need to know about the most recent Ripple news.

  • Ripple is a networking company that allows users to transfer funds around the world.
  • The company offers its own cryptocurrency, XRP, for users to make use of.
  • XRP has been gaining strength over this last week and that growth is continuing today.
  • The climb initially started on Nov. 2 after the company experienced a dip.
  • Since then, the digital currency has seen massive gains increase it from 23 cents to 30 cents today.
  • If this trend continues, it means that XRP may finally return to its high of 34 cents earlier this year.
  • That high happened in February before the cryptocurrency, along with just about everything else, took a dive with the novel coronavirus pandemic getting into full swing.
  • XPR was hit especially hard at that time and has been in recovering since hitting a low of 15 cents in March.
  • It appears that the jump in XRP has to do with a similar increase for bitcoin.
  • The cryptocurrency has been on the rise of late and just broke $17,000 earlier today.
  • That’s worth noting as bitcoin hasn’t been worth that much since December 2017.
  • It’s possible that both cryptocurrencies will continue to rise higher as markets are still recovering from the coronavirus.

XRP was up 1.5% as of Tuesday afternoon.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Article printed from InvestorPlace Media, https://investorplace.com/2020/11/ripple-news-what-to-know-for-xrp-investors/.

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