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Why XRP Is Soaring Today

TheMotleyFool

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XRP (CRYPTO: XRP) is rising Tuesday. The cryptocurrency's token price was up 7.1% over the previous 24 hours of trading as of 4:30 p.m. ET. At the same point in the day, Bitcoin was up 2.5%, and Ethereum was up 5.7%.

Investors moved into higher-risk investments today following signs that the Federal Reserve could cut interest rates in July and the announcement of a ceasefire between Israel and Iran. Despite today's gain, XRP is still down roughly 6% over the last month.

Image source: Getty Images.

Source Fool.com

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