With Markets Rallying, Is XRP on Its Way to $3.50 & $4?
The cryptocurrency market is experiencing one of its most significant rallies in recent times. Bitcoin (BTC) has climbed to a new all-time high, breaching the $118,000 level for the first time in its history. Other assets seem to be following BTC’s trajectory. Ripple’s XRP token may see a new peak following the recent bullish developments. Can XRP Follow Bitcoin and Hit $3.5 and $4? Source: Bitcoin.com XRP is currently down by 23.2% from its all-time high of $3.40. The asset hit its peak in January 2018, more than seven years ago. The asset struggled to gain momentum over the last few years due to the SEC filing a lawsuit against the fintech company. The litigation was laid to rest earlier this year with both parties coming to a settlement. Ripple’s popular cryptocurrency could be in the early stages of a massive bullish phase. The fintech company recently announced that it has chosen BNY Mellon as its stablecoin custodian. The move could lead to a number fo banks adop...