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XRP’s Surge Pushes It Above BNB, USDC in Terms of Market Cap

Published 07/14/2023, 07:32 PM
Updated 07/14/2023, 09:45 PM
XRP’s Surge Pushes It Above BNB, USDC in Terms of Market Cap
XRP/USD
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COIN
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  • The price of XRP surged more than 67% over the past 24 hours, taking its price to $0.7889 at press time.

  • XRP was also able to overtake BNB and USDC in terms of market cap over the past 24 hours.

  • Technicals suggested that XRP could rise to $0.9329 in the coming week.

Ripple (XRP) experienced a surge over the past 24 hours following the outcome of the multi-year lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) yesterday. The judge for the case concluded that XRP is not a security, causing its price to skyrocket in the hours that followed.

The positive outcome of the SEC lawsuit was also followed by several re-listings from large cryptocurrency exchanges. Most notably, Coinbase (NASDAQ:COIN) and Kraken announced that they will relist the remittance token in the short term.

At press time, CoinMarketCap indicated that XRP surged more than 67% over the past 24 hours, which also pushed its weekly performance to +69.09%. As a result, XRP’s price stood at $0.7889.

This substantial increase in the altcoin’s price over the past day of trading also saw XRP climb two positions on CoinMarketCap’s list of the biggest cryptos by market cap, as the r…

The post XRP’s Surge Pushes It Above BNB, USDC in Terms of Market Cap appeared first on Coin Edition.

The post XRP’s Surge Pushes It Above BNB, USDC in Terms of Market Cap appeared first on Coin Edition.

See original on CoinEdition

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