Daily crypto: Xrp rallies again – has soared more than 45 percent in the last 24 hours

The price of xrp (+45,38%), the cryptocurrency that is behinds the company Ripples blockchain network, has gained over 45 percent in the 24 hours. The cause for the increase in price is said to be a few different things. Partly, the price of xrp has fallen sharply in July and August, which may indicate that xrp has been oversold. Another thing is that there have been several positive news about the cryptocurrency lately.

Earlier this week it became known that Ripple plans to launch its first commercial application for its cryptocurrency within the next few months. The application is called Xrapid.

And the other day there was news that the bank PNC, ranked as one of the top ten banks in the United States, will let its customers start using Ripples network to process international payments, writes Cointelegraph.

Only the last few days, xrp have surged more than 70 percent – from $0,27 to $0,46.

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Biggest currencies show green numbers

In fact, the prices for most cryptocurrencies have gone up in the last 24 hours. The total market cap for all cryptocurrencies has also increased – from about $200 billion to $212 billion.

The largest cryptocurrencies show green numbers. Bitcoin cash (+11,31%), eos (+9,38%), ethereum (+7,06%) and bitcoin (+2,04%) have all gone up.

On top 100, monacoin (+48,60%) and previously mentioned xrp  (+45,38%) have performed the best. The ones that performed the worst were chainlink (-7,08%) and waves (-2,94%).

*All numbers in this article are from Coinmarketcap.com.

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