Litecoin and IOTA in the last 7 days had gained over Ripple XRP in terms of market capitalization. However, after the rally over the last 3 to 4 days, Ripple has risen in its market cap to $28 billion which is higher than the other 2 cryptocurrencies. The rally in Bitcoin has been rubbing off on the other cryptocurrencies as well.
Ripple XRP had been underperforming for quite a few months lately. For the last 5 months or so, it has been moving in the range of $.15 – $.25. Recently, it broke that range on the higher side and it now is trading around $ .75 after hitting a high of $ .89. This astronomical rise in Ripple cryptocurrency has ensured that it has regained the 3rd most valuable cryptocurrency spot after over ranking the others.
Moreover, the company behind Ripple is consistently signing up more and more banks in order to use its money transfer protocol which ensures that instantly, money can be transferred from one bank to another anywhere around the world. In order to…