XRP rises 32% and reaches highest price since July 2019


The third largest cryptocurrency by market value, XRP, had its price increased by 32% in just the last 24 hours, reaching US $ 0.41. This is its highest price since July 30, 2019.

XRP price in dollars in 2020. Source: TradingView.
XRP price in dollars in 2020. Source: TradingView.

With a market cap of $ 18.73 billion, XRP today exceeds the market value of dollar-based stablecoin Tether ($ 18.31).

High liquidity

Although liquidity, that is, the ease of trading the asset without losing much with the spread, has been in decline practically the whole year, now it is showing a high again, according to the Liquidity Index Bot.

On large international exchanges, XRP’s liquidity has increased by 67%, meaning a very positive change for token holders.

Altseason coming up?

With Bitcoin exceeding R $ 100,000 in Brazil and bulls looking for the maximum in dollars, the main altcoins in the market are accompanying and benefiting traders with a new bull market.

crypt prices

As we can see on the home page of the cryptocurrency data aggregator Coingolive, Bitcoin was the least up on Saturday. The biggest increases expressed by XRP, Cardano, Bitcoin Cash and EOS.

At the same time, Ethereum, the second largest crypto in market value, is easily overcoming the $ 500 mark. Which leads traders to question whether this would be the start of a new altseason.

According to Coindesk, XRP and other altcoins may be climbing in reaction to a rule proposed by the U.S. Currency Controlling Office that would prohibit banks from ‘boycotting’ legal industries – including, presumably, cryptocurrency companies.

The proposal would be excellent news for exchanges and other companies in the sector, which often have to struggle to open or maintain bank accounts in the USA. In Brazil the scenario is similar and the subject is discussed in a process at the Administrative Council for Economic Defense (CADE).


Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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