Finst

Why is the Ripple price rising?

XRP, Ripple's native cryptocurrency, has the strongest weekly performance of all the top 10 coins: 25.5 percent.

By Luc Vesters
• 1 min read
Why is the Ripple price rising?

XRP, Ripple's native cryptocurrency, has the strongest weekly performance of all the top 10 coins: 25.5 percent. On a daily basis, the growth is also significant: 10 percent in 24 hours. With a market cap of $38 billion, XRP is roughly on par with BNB.

The reasons for the strong performance vary. On the one hand, Ripple reports that the company will research Digital Lari in cooperation with the Georgian National Bank. If the project is implemented, Ripple could play an important role in shaping the design of the Georgian CBDC.

In addition, XRP recently received approval from the Dubai Financial Services Authority (DFSA). The token can now be traded at the Dubai International Financial Center (DIFC) and integrated into financial services. Until now, this honor was reserved only for BTC, ETH and LTC.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.