Ripple’s XRP took over the world of digital currency as second most-valued cryptocurrency as per Coinmarketcap’s data in 2017. But it seems the dream run for XRP isn’t over yet as XRP hits a fresh all-time high of $3.81 on January 04, 2018 that led Ripple’s market capitalization to over $140 Billion.
Those who don’t know, Ripple XRP is the second largest cryptocurrency by market capital after Bitcoin that has a market cap of $255 Billion (approx).
The ripple is seeing a continuous surge in its XRP pricing since December 30 last year when it touched $2.16 per XRP and the very next day the price rose to $2.30. On first January the price touched $2.39 followed by $2.48, $3.11 on January 2nd and 3rd. On Thursday, Ripple again saw a massive surge that touched high of $3.81 and it seems the run to cross $4 is still on.
Launched in the year 2012, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. It is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples).
In recent time, Ripple’s technology has been increasingly adopted by renowned banks and financial institutions across the globe that includes UBS, Santander, American Express Co, etc.