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Why XRP Is Surging Today

TheMotleyFool

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XRP (CRYPTO: XRP) is rapidly gaining ground in Tuesday's trading. The cryptocurrency token had risen by 5.4% over the previous 24 hours of trading as of 7 p.m. ET. Bitcoin and Ethereum were up 4.6% and 7.5%, respectively, over the same stretch.

The crypto market is enjoying bullish momentum today as investors anticipate new legislation that could strengthen adoption trends for digital assets. XRP and other tokens are also getting a boost as investors ramp up bets that the Federal Reserve will deliver more than one interest rate cut this year.

Image source: Getty Images.

Source Fool.com

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