Cryptocurrency

XRP Reaches $1.58 as Ripple Prepares to go Public

XRP Reaches $1.58 as Ripple Prepares to go Public

XRP Reaches $1.58 as Ripple Prepares to go Public

  • XRP experienced gains on Friday, pushing the cryptocurrency up by 11.7% to $1.58

  • The increase pushed XRP’s market cap above $70 billion, more than 3.14% of the total cryptocurrency market cap

  • XRP’s gains have been driven by reports that Ripple plans to go public after resolving its lawsuit

XRP record strong gains following credible reports that Ripple was going ahead with its plans of going public.

The troubled crypto company is planning to go public despite legal battles with the Securities and Exchange Commission (SEC), According to Yoshitaka Kitao the CEO of SBI Group.

Ripple

Yoshitaka Kitao believes that SBI’s investment in the crypto company will come good after they go public.

At the time of this report, XRP is trading at 1.55, 11.5% up in the last 24 hours.

 

Ripple

XRP was trading as low as $1.37604, the previous day, before the announcement.

In the last seven days, XRP has gained 42.46% and it has a current market cap of $70.1 billion.

At this current price, XRP is some way from its previous all-time high of $3.29 in January 2018.

Read also: Ethereum Reaches New All-time High of $2700, Bitcoin Ranges

Other major cryptocurrencies Bitcoin and Ethereum are trading at $54,541 and $2,788 respectively.

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