Ethereum (ETH) Reclaims the Number 2 Spot After XRP’s Recent Surge in The Markets
There is doubt that XRP has experienced one of the most impressive last few days in the crypto markets. It all started on the 17th of September when one of Ripple’s Executives hinted that xRapid would be going live in the next month or so. Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, was the executive who made the following comments with regards to xRapid :
I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production
What then followed is that XRP surged from levels of around $0.27 on the 18th of September, to its most recent peak of $0.80 on the 21st of September. This was a 196% increment in three days and only considering the new peak value. In the process, XRP managed to edge out Ethereum (ETH) from the number 2 spot as reported on coinmarketcap.com.
Ethereum Regains the Number 2 Spot
Soon after XRP peaked at $0.80, the digital asset went through a correction that has the digital asset currently valued at $0.583. Ethereum on the other hand, is now valued at $245 and up $17 since XRP’s surge in the markets. This has allowed ETH to reclaim the number 2 spot with a $1.224 Billion lead over XRP in terms of market capitalization.
However, Ethereum’s number 2 spot could be threatened once again as we approach the new week. Using ETH’s current market capitalization, XRP need only be valued at $0.629 to edge out Ethereum once again.
What do you think lies ahead for both ETH and XRP with the new week? Please let us know in the comment section below.
Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.