XRP Soars Again as Crypto Markets Struggle, Hits New 2014 High

Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term's XRP has resumed its winning ways, jumping as much as 20% to 4300 satoshi ($0.0148). In Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term terms, this its highest level in 2014 and challenges the 4500 satoshi mark from 52 weeks ago today.

XRP's performance during the past 48 hours contrasts markedly from that of the broader crypto market. Yet its gains are not solely a by-product of bitcoin (BTC) weakness: BTC has shed at most 8% during the period, meaning that XRP's dollar-based gains amount to roughly 12%.

XRP's hot streak, whose beginnings can be traced back to early July, translates into a total gain of 560% since summer lows near 650 satoshi. It has successfully shrugged off a correction that peaked at 25% in late November.

Volume during the past 24 hours is the equivalent of $1.6 million.

The rise now brings XRP's market cap to $458 million, nearly one-tenth of that of Bitcoin and nearly four times that of Litecoin.

XRP is still well off of its all-time highs of over 10,000 satoshi reached in September 2013. An eventual return to these levels would move its market cap past the $1 billion mark based on today's bitcoin prices.