XRP outperformed the broader cryptocurrency market on Friday, Feb. 6, rising nearly 20% over the past 24 hours.
The token was trading around $1.50, after briefly touching a high near $1.53, per The Defiant’s price page. XRP’s market capitalization now stands at about $91.3 billion. XRP also strengthened against Bitcoin (BTC), gaining more than 13% on the BTC pair, according to CoinGecko. Meanwhile, 24-hour trading volume climbed to roughly $16.5 billion.
The rally came as investor sentiment improved following a series of Ripple announcements this week, with the latest being the company teasing major upgrades to the XRP Ledger (XRPL) on Feb. 5.
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