XRP Has Risen In Price

Payments-focused cryptocurrency XRP jumped to more than a two-month high on Monday. This jump compensates for the late December price drop caused by allegations from the US Securities and Exchange Commission.

XRP rose to a high of $0.6836 during European trading hours. The price jumped from $0.27 to $0.50 over the weekend. As a result, the cryptocurrency replaced the stablecoin Tether and became the third largest cryptocurrency by market value.

The cryptocurrency is trading at about $0.60 at the time of writing, which is almost a 30% gain per day. According to Alex MELIKHOV, CEO and founder of Equilibrium crypto platform and EOSDT stablecoin, XRP's next target is $0.80. If XRP overcomes its target, it will allow it to continue to rise to $1 or more.

Image: Forbes