XRP has surged to 16-month highs, leading a pack of cryptocurrencies all benefiting from bitcoin’s rally toward historic levels.
XRP, the native asset of the XRP ledger, developed by payment-focused blockchain firm Ripple Labs, climbed to as high as $0.437564 before retreating to $0.413853 at press time, reaching the highest price point since July 2019, according to The CoinDesk 20.
The third-largest cryptocurrency by market value has gained over 33% in the past 24 hours, extending the year-to-date gain to 116%.
Other alternative cryptocurrencies such as ether (ETH), litecoin (LTC), cardano (ADA), bitcoin SV (BSV), EOS (EOS), tezos (XTZ), and tron (TRX) are also flashing green. Most of these coins have picked up a bullish momentum in the past few days, seemingly tracking bitcoin‘s fast move toward the