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Why XRP Is Surging Today

TheMotleyFool

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XRP (CRYPTO: XRP) is seeing strong gains in Monday's trading. The cryptocurrency's token price had risen 3.8% over the past 24 hours as of 6:40 p.m. ET. At the same point in time, Bitcoin was up 1.1%, and Ethereum had risen 0.3%.

XRP is getting a boost today thanks to investors banking on the likelihood that the Federal Reserve will announce a cut in interest rates later this month. The cryptocurrency also appears to be getting a boost from news that an exchange-traded fund (ETF) built around Dogecoin could launch in the near future.

Image source: Getty Images.

Source Fool.com

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