Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
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

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

Related

Tags: Business NewsCryptocurrencyCryptocurrency NewsRippleXRP

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 *

Access Bank
Bankers Committee
Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets
First bank





    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Top 7 best gift cards to sell in Nigeria and Ghana (2022)
    • International passport: Immigration Service to enable self-verification of NIN on portal
    • THIS WEEK: Naira falls as inflation and Eurobond Yield rise

    Follow us on social media:

    Recent News

    Top 7 best gift cards to sell in Nigeria and Ghana (2022)

    Top 7 best gift cards to sell in Nigeria and Ghana (2022)

    May 21, 2022
    Nigerians in Qatar facing deportation due to unavailability of passports in embassy

    International passport: Immigration Service to enable self-verification of NIN on portal

    May 21, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
    • Economy
      • Macro-Economic News
      • Get Data
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com