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XRP shot up 20% today… on old news?

Published 11/23/2020, 01:30 PM
Updated 11/23/2020, 03:00 PM
XRP shot up 20% today… on old news?

Ripple’s XRP is rising in price, but the reasons are not entirely clear. Between 11:00 am and 3:00 pm UTC today, XRP gained approximately 20% in value, based on data from TradingView.com. The asset has rallied about 83% total since Friday and is up roughly 98% since Wednesday.

XRP’s price rally seemingly lacks any specific news-related catalyst. Information has surfaced regarding the inclusion of Bank of America (NYSE:BAC) to Ripple’s payment network, RippleNet, based on a Monday brief from media outlet Ripple News. However, looking at the Wayback Machine — a platform that allows users to browse historical snapshots of websites — it would appear that BoA has been a member since at least March 2019.

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