Why XRP Is Skyrocketing This Week
The crypto market is enjoying an incredible rally.
Overview
XRP (CRYPTO: XRP) is roaring higher this week amid a strong bullish backdrop for the broader cryptocurrency market. As of 6:30 a.m. ET on Saturday, its token price had risen roughly 47% over the past seven days. Meanwhile, Bitcoin had risen roughly 22% over the stretch, and Ethereum was up 28%.
The crypto market is surging this week thanks to a combination of political and macroeconomic catalysts. Investors became more optimistic that the Clarity Act could be passed this year, and an unexpected announcement from the U.S. Treasury also supported bullish momentum.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.