Posted 3/11/2024, 8:15:00 PM
XRP Suddenly Surges 20% to Hit Near One-Year High as Laggard Cryptos Play Catch Up
- XRP jumped 20% to $0.74, its highest price since November 2021, outperforming other major cryptos
- The rally came as the crypto market extends, with laggard assets like XRP finally seeing gains
- XRP had slid to a 3-year low against bitcoin recently before the sudden upswing
- There was no clear news catalyst, but large XRP transfers from Binance preceded the price jump
- The transfers fueled speculation of whale accumulation or Binance shifting funds internally
