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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

XRP Shows Polkadot Token After Price Gains 100% Within 48 Hours: Token Next Pump Target For Satoshistreetbets Traders

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.

XRP Shows Polkadot Token After Price Gains 100% Within 48 Hours: Token Next Pump Target For Satoshistreetbets Traders

Now that the token issuer has Ripple Labs legal challenges, XRPThe unexpected price hike could lend credence to reports that an offshoot of the Wallstreetbets (WSB) helps pump the crypto.XRP Shows Polkadot Token After Price Gains 100% Within 48 Hours: Token Next Pump Target For Satoshistreetbets Traders

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.

At the time of writing, some crypto aficionados on social media are calling on private crypto investors to join a campaign to pump XRP.

What do you think about XRPcurrent price increase? Tell us what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, markets.Bitcoin.com, Messari.io, Twitter,

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