Ripple’s native cryptocurrency, XRP, became one of the top five cryptocurrencies by market cap for the first time amid bullish industry sentiment.
At $97 billion, Ripple (XRP) leapfrogged Binance’s BNB Coin (BNB) and its $95 billion market cap during a crypto market uptick on Friday, Nov. 29. Ripple rose alongside the total digital asset market rallying to $3.5 trillion, its highest peak yet.
General market optimism, Ripple’s business expansion, and regulatory tailwinds pushed XRP’s price closer to its all-time high. XRP gained 15.8% in 24 hours and 226% in the last 30 days, trading at $1.70 by publishing time. The token peaked at $3.40 in January 2018.
Ripple catalysts
Bitwise, Canary Funds, Grayscale, and WisdomTree led the charge for a spot XRP exchange-traded fund amid personnel changes at the Securities and Exchange…
