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Why XRP (Ripple) Is Soaring Today

TheMotleyFool

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XRP (CRYPTO: XRP) is gaining on Friday. From 4 p.m. ET yesterday, the cryptocurrency is up 5.1% as of 3:52 p.m. ET. The move comes as Bitcoin was mostly flat.

Ripple, the company behind XRP, announced a major acquisition that could help boost XRP demand.

Ripple announced yesterday that it has agreed to purchase Rail, a stablecoin platform, for $200 million. Ripple says that the acquisition will deliver the "most comprehensive stable coin payment solution on the market."

Source Fool.com

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