Ripple Price Tests All-Time Highs

in #ripple7 years ago

The ripple price leaped more than 15 percent on Wednesday in response to news that SBI Ripple Asia had entered into a partnership with several major Japanese credit card issuers.

Ripple Price Leaps 15 Percent.
The cryptocurrency markets made a general advance on Wednesday, but no top-tier coin rose at a quicker pace than ripple. The ripple price swelled more than 15 percent, rising as high as $1.18 on Bitfinex before tapering to a present value of $1.13. Buttressed by large premiums on Asian exchanges, the global average ripple price surged as high as $1.29, bringing it within a few cents of the all-time high it set during a brief spike last week.

Even more astonishing is the fact that — even after last week’s comprehensive market correction — the ripple price is up 68 percent for the week, while no other top 10 cryptocurrency has managed to rally more than two percent during the same period.
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More than 43 percent of all XRP volume is located on South Korean exchanges, and Bithumb alone accounts for $605 million worth of daily XRP trades. The Korean exchanges currently price XRP at $1.46, representing an approximate premium of 30 percent over its value on Western exchanges.
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