Cryptocurrency Ripple (XRP) surges/soars on January 30! Three clear factors explained
Cryptocurrency Ripple (XRP) Surges/Soars
At 21:00 Japan time on January 30, Ripple (XRP), the second-largest cryptocurrency by market capitalization, recorded a surge with increased trading volume and returned to its levels from January 5 (before the drop).
From late January to February, the cryptocurrency market has been relatively stable, and with Bitcoin trending positive, most altcoins have also moved higher than the previous day.
However, XRP’s surge shows a strong tendency to rise independently, and please review the following three events that contributed to this trend.
- SWIFT's GPI and R3's Corda integrated
- The joint venture company “SBI R3 Japan” established between SBI and R3
- Ripple Labs hired a former VP of major financial firm CIT
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