In a wave reminiscent of dogecoin’s recent rally, the value of the XRP token increased by more than 100% in just 48 hours. After the day started at $ 0.29 on Jan. 30, data shows that the token is peaking at just above $ 0.67. At the moment of writing, XRP trades around $ 0.66
As shown on markets.Bitcoin.com, after this price increase, the market capitalization of XRP rose to nearly $ 28 billion, a figure nearly double that of Polkadot. This means XRP has now reclaimed its position as the fourth highest ranked crypto. Likewise data from messari.io shows that XRP peaked at $ 0.68 on Feb. 1.
This move of retailers, known as Satoshistreetbets, has already received partial credit for dogecoin’s recent meteoric rise. Supported by the Wallstreetbets Gamestop Short press, Satoshistreetbets Redditors successfully campaigned for dogecoin and this caused its value shoot up.
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Image Credits: Shutterstock, Pixabay, Wiki Commons, markets.Bitcoin.com, Messari.io, Twitter,
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