Why XRP Just Surged Past $1.50
XRP (CRYPTO: XRP) is up nearly 8% in the last 24 hours on Monday as of 5:39 p.m. ET, reaching above $1.50. The S 500 finished the day up 1%.
The move tracks the broader crypto market and Bitcoin, which has spent the past two weeks behaving less like a speculative asset and more like a hedge against global uncertainty. Bitcoin is up more than 13% since the war in Iran began, while stocks across the board have fallen.
There is also a Ripple-specific tailwind worth noting. On March 11, launched its Crypto Partner Program with more than 85 companies, and Ripple -- the company behind XRP -- was named as a launch partner. The program targets cross-border payments and business-to-business settlements.
Source Fool.com
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