XRP shot up 20% today… on old news?
Cointelegraph
Published Nov 23, 2020 01:30PM ET
Updated Nov 23, 2020 03:00PM ET
Ripple’s XRP is rising in price, but the reasons are not entirely clear. Between 11:00 am and 3:00 pm UTC today, XRP gained approximately 20% in value, based on data from TradingView.com. The asset has rallied about 83% total since Friday and is up roughly 98% since Wednesday.
XRP’s price rally seemingly lacks any specific news-related catalyst. Information has surfaced regarding the inclusion of Bank of America (NYSE:BAC) to Ripple’s payment network, RippleNet, based on a Monday brief from media outlet Ripple News. However, looking at the Wayback Machine — a platform that allows users to browse historical snapshots of websites — it would appear that BoA has been a member since at least March 2019.
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Written By: Cointelegraph
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