Ripple XRP moved after a slump and a decline contrary to what Bitcoin and Ethereum witnessed throughout their recent bullish run, as the value of Ripple quickly rose to reach the level of $ 0.49, the highest price since July 2019.

Ripple XRP was valued at $0.22 at the beginning of November, to start its upward journey on November 20, and its price reached $0.49, then declined to $0.45 at the time of writing this article.

Ripple failed to breach the $0.50 level and also failed to breach the record recorded in July 2019 estimated at $0.4939, as the price of the currency in this month reached $0.4919, according to the website. CoinMarketCap.

Since the end of last week, the XRP price has increased by 69%, making it the top performing major cryptocurrency over the past week.

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At the same time, the total market capitalization of cryptocurrencies increased from the level of $529 billion to the $540 billion recorded today.

Bitcoin rose by 15.36% over the past week and its price is estimated at the time of writing this article at $ 18,460, and the performance of Ethereum is also relatively good, as it also rose by 29.78% over the past week, and the price of Ethereum is estimated at the time of writing this article at $ 581.

As a reminder, the XRP currency was developed by Ripple, a San Francisco-based non-profit organization, and the Ripple currency is one of the cryptocurrencies preferred by financial payment institutions, as institutions use Ripple for real-time settlements and transfer funds through banks at a more reasonable cost than the traditional alternatives available .

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