• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

XRP gains 31% on Christmas day

Olumide Adesina by Olumide Adesina
December 25, 2020
in Cryptos
Ripple takes back 800 million XRP
Share on FacebookShare on TwitterShare on Linkedin

XRP has rebounded strongly on Christmas day. At the time this report was drafted, it was trading at $0.37389, printing gains of about 30.35% on the day.

This pushed XRP’s market value to $16.6 billion or 2.57% of the total cryptocurrency market value. At its highest, XRP’s market cap was $31.6 Billion. XRP has been trading at a daily range of $0.24245 to $0.37492.

For context read: XRP drops 14% over lawsuit from U.S Securities and Exchange Commission

RelatedStories

Nigeria’s Justice System is Ruining Investment Confidence – Johnson Chukwu Shares His Story On Talknomics

Nigeria’s Justice System is Ruining Investment Confidence – Johnson Chukwu Shares His Story On Talknomics

June 14, 2025
What does liquidity mean in crypto? 

What does liquidity mean in crypto? 

May 23, 2025

Crypto commentators are attributing XRP’s recent gains to the news that Elad Roisman will take over as Chairman of the U.S. Securities and Exchange Commission.

Congratulations, Chairman Roisman! I look forward to your leadership of the SEC.

— Hester Peirce (@HesterPeirce) December 24, 2020

However, over the past week, XRP’s valuation dropped by 37.93%. The volume of XRP traded  daily was $16.6 billion or 8.96% of the total volume of all cryptos.

READ: World’s most valuable Crypto exchange, Coinbase files for IPO

What you should know: Before this surge, Crypto bears had been clawing hard on XRP, amid a legal suit filed against it by a powerful financial regulator in the world’s largest economy.

Ripple and its top executives were accused by the U.S. Securities regulators of deceiving crypto investors about the status of XRP, the world’s third-largest cryptocurrency by market value, in selling over $1 billion of the crypto assets without approval from the U.S. Securities and Exchange Commission.

READ: Ethereum flying high, up 10%

  • The complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in unregistered security offerings to investors in the U.S. and worldwide.
  • Ripple also allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services.
  • At the time of writing this report, three small exchanges, namely OSL, Beaxy, and CrossTower, have either suspended trading or removed XRP.

READ: Ripple suffers highest day percentage loss since September 3


Follow us for Breaking News and Market Intelligence.
Tags: Business NewsCryptocurrencyCryptocurrency NewsRippleXRP
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Nigeria’s Justice System is Ruining Investment Confidence – Johnson Chukwu Shares His Story On Talknomics
Digital Media

Nigeria’s Justice System is Ruining Investment Confidence – Johnson Chukwu Shares His Story On Talknomics

June 14, 2025
What does liquidity mean in crypto? 
Opinions

What does liquidity mean in crypto? 

May 23, 2025
Learn why Nosh is the best platform to sell crypto in Nigeria and how to easily exchange your crypto
Companies

Learn why Nosh is the best platform to sell crypto in Nigeria and how to easily exchange your crypto

May 20, 2025
Banking Fraud
Cryptos

FBI report reveals crypto investment scams accounted for $5.8 billion of 2024 fraud losses 

April 24, 2025
Bitcoin
Cryptos

Bitcoin surges past $93K as U.S.–China trade war eases, boosting investor confidence 

April 23, 2025
Bitcoin
Cryptos

Bitcoin surges to $88,000 amid U.S. dollar weakness and market volatility 

April 22, 2025
Next Post
Ekiti Knowledge Zone approved as Free Trade Zone by FG

FG orders passengers from UK, South Africa to register on travel portal

Comments 2

  1. Ekpa edidong says:
    December 25, 2020 at 1:17 pm

    Pls give me fast investment , i need urgent money to take of my pregnancy wife.

    Reply
  2. Munirat Ojotu says:
    December 25, 2020 at 1:51 pm

    Hopefully, this continues. Well there’s a saying that the SEC never forgets. Lets see what the new guy has in store for XRP investors. Ripple should fix its fundamentals, investors hate uncertainties.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Court remands Ponzi Scheme Operator over alleged N10 billion Fraud in Lagos 
  • ‘Nigeria has become a crime scene’: Obi slams NNPCL over alleged N210 trillion scandal 
  • FG seek investments in ports, digital platforms to aid cross-border businesses across West Africa 

Follow us on social media:

Recent News

Federal High Court, ,

Court remands Ponzi Scheme Operator over alleged N10 billion Fraud in Lagos 

June 20, 2025
Peter Obi, Ukrain

‘Nigeria has become a crime scene’: Obi slams NNPCL over alleged N210 trillion scandal 

June 20, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics