Ripple focuses on new records
On August 23-24, Ripple grew in price by 40% against the background of the growth of key digital currency rates and the increase of market capitalization.
According to the CoinMarketCap statistics, XRP (Ripple tokens) are traded at a price of $0.23 - $0.24. About 70% of transactions for their purchase belongs to the South Korean cryptocurrency exchanges: Bithumb, Coinone and Korbit. Analysts consider the increased demand to be the main reason for the rate growth.
The volume of XPR sales this week is about $1 billion per day. The most active resource for trading it now is Bithumb, where 44% of all transactions with this currency are made.
On August 24, Ripple achieved a record volume of sales as for a day.
The historical peak of the XPR price was reached in May 2017 – $0.33. Despite the positive dynamics of prices, this figure hasn’t been exceeded yet.