Why Cryptocurrencies XRP, Chainlink, and Hedera Jumped Today
The momentum behind some of the hottest cryptocurrencies in the market continued over the weekend and early in trading on Monday. XRP (CRYPTO: XRP) continues to be the biggest name moving higher and it's now the third largest cryptocurrency behind Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
As of 12:30 p.m. ET, over the past 24 hours alone XRP is up 36% and has risen 55% since the market closed on Friday. Chainlink (CRYPTO: LINK) is up 17.6% in the past 24 hours and 22.6% since Friday. Hedera (CRYPTO: HBAR) is up 45.6% in the last day and 87.9% since the market last closed.
In the crypto market, momentum can be enough to move a cryptocurrency sharply higher in a short period of time. That's what's happening with XRP on speculation the new Trump administration will be more favorable to crypto.
Source Fool.com
