On Sunday, David Schwartz, Ripple’s chief technology officer, marked a major milestone with XRP, the company’s cryptocurrency, jumping by more than 28% to surge to a new multi-year high of $2.48.
Schwartz also noted that the surge came just days before he marked his 12th anniversary at Ripple, which gave the token’s lucrative rally some personal significance.
Reaching that point has seen XRP make up the top 3 by market capitalization, passing rival stablecoin Tether (USDT) and the blockchain project Solana (SOL), accused of being an ‘Ethereum killer’ in the past.
XRP Makes a Strong Comeback After Risk of Falling Out of Top 10
After a time of uncertainty with the risk of XRP falling out of the top 10 cryptocurrencies, the token has made a comeback. While it has just lately had success, Ripple is still scratching the surface to keep up with Ethereum (ETH) whose international valuation at this time is $444 billion, and that of Ripple is $139 billion.
XRP has catapulted itself ahead of some of the world’s biggest companies, like Citigroup, Airbus and Sony. Although Ripple increased by 30 percent over a 24 hour period, it was not one of the top 100 cryptocurrencies; however Ripple could not match HBAR’s 42% gain.
Other established altcoins like EOS (EOS), Litecoin (LTC), have also seen gains of 20.5%, 20.2%, resp. While XRP still lags behind HBAR on a weekly basis, Ripple comes in at 69% and HBAR has the lion’s share at 78%.
Ripple will continue to drive growth beyond next week’s catalyst. Ripple CEO Brad Garlinghouse recently did an interview of 60 Minutes, the legacy U.S. TV news program, known for their investigative quality.
The air date for the interview has not been confirmed, but it will undoubtedly gather plenty of attention around Ripple and its flagship token. The company has been making waves and there are bright things and a very bright future for Ripple (which, of course, it’s not alone in fighting for supremacy against particularly in the crypto space).
