Ripple Hits Record High

Ripple, the world’s second-largest cryptocurrency by value, hit a record high on Wednesday as its strong rally continues.The digital coin jumped more than 18 percent to an all-time high above $2.90, according to CoinMarketCap.Ripple, or XRP, now has a market capitalization of $112 billion and remains solidly in second place to bitcoin, which has a market value of about $255 billion, according to CoinMarketCap. The website showed ripple has gained more than 45,700 percent over the last 12 months.

Source: Ripple hits a record high, market cap of over $110 billion – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.