With the crypto market rallying, the sixth largest cryptocurrency, Ripple’s XRP, is up about 8% today, printing two big green candles in the past hour. Over the past week, XRP has grown by more than 13%.
XRP surged from $0.9580 to $1.03 on Binance exchange against USDT, with major cryptocurrency Bitcoin adding 10%, rising to nearly $48,000 from $44,900.
However, this is still 28% below XRP’s high of $1.41 reached on September 6 and 48% below the $1.97 peak experienced by the XRP community on April 14, when Bitcoin reached an all-time high. It amounted to $64,800.
The founder and CEO of DigitalGen Financial Services, Panos Mekras, tweeted that he was never as bullish on XRP and XRPL as he is now.
Among the reasons for this, he named massive development activity, huge amount of projects being built on XRPL, lots of new features and new use cases.
I am more optimistic about XRP Dollars and the #XRPL More than ever. What we’ve been waiting for all these years is finally paying off. Huge development activity, huge trends of projects built on XRPL, many different and amazing use cases, new features. And this is only the beginning.
– Panosmek October 1, 2021