After Massive Dogecoin Crash, Ripple’s XRP Has Suddenly Rocketed Higher – Forbes

After Massive Dogecoin Crash, Ripple’s XRP Has Suddenly Rocketed Higher – Forbes

Ripple’s XRP, currently the world’s fourth largest cryptocurrency as measured by CoinMarketCap, has suddenly leaped higher in a surge powered by WallStreetBets traders.

XRP, a digital token created by the embattled San Francisco-based company Ripple, has added more than 50% to its price over the last 24 hours, climbing after dogecoin, a tongue-in-cheek “joke” bitcoin rival named by Elon Musk as his “fav” cryptocurrency, crashed—losing over half its recent gains.

Ripple’s XRP is the second cryptocurrency to suddenly pump this week, after dogecoin’s huge meme-fuelled rally briefly sent its price almost 1,000% higher (though there has been speculation bitcoin could emulate GameStop’s recent short squeeze).

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