Why XRP Jumped This Week
XRP (CRYPTO: XRP) has seen big volatility over the last week, but it's still posted substantial gains across the period. The cryptocurrency's token price was up 6.7% over the last seven days of trading as of 5:45 p.m. ET Saturday.
XRP, sometimes known as Ripple, posted explosive gains last Sunday after President Trump named the token as a cryptocurrency that would be included in a U.S. digital-asset reserve project. Even though its token price lost ground as investors took profits and weighed the impacts of the reserve inclusion, the news has still been a positive catalyst for the crypto.
Last Sunday, Trump said that XRP would be a part of the first-ever U.S. digital asset reserve alongside Bitcoin, Ethereum, Cardano, and Solana. The news powered big gains for the token prices of each of these cryptocurrencies -- although each token has also seen a substantial pullback following the announcement.
Source Fool.com
