XRP Making Double-digit Gains as it Becomes the Hot Choice in the Crypto Space

XRP has taken a jump of over 16 percent as it reached $0.4721 at one point amidst the green market. Moreover, it has become the preferred choice in the crypto space as determined by two polls.

XRP rises over 16 percent

The world’s third-largest cryptocurrency is enjoying the 24-hour gains of over 9 percent in tandem with the majority of the crypto market. At the time of writing, XRP has been trading at $0.4627 and above the crucial $0.45 level. With the market cap of $18.5 billion, it has been managing the daily trading of about $680 million.

XRP 24-hours price chart, Source Coinmarketcap

At one point, XRP reached $0.472. The last month has been a spectacular one as it jumped to $0.70. Now, once again, XRP has crossed the critical $0.45 after dropping to $0.3789 a few days back.

XRP is the top pick

Though XRP has risen along with the entire crypto market, it has also become a preferred choice among the traders. A few days back, Weiss Ratings conducted a poll on Twitter to determine which coin is the best to buy under $1 among the popular choices like Stellar (XLM), Cardano (ADA), IOTA (MIOTA), and XRP. With 64 percent votes, XRP has been a clear winner.

In another poll conducted by Wirex on Twitter, the first crypto purchase has been attributed to XRP in competition with Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). It read,

“We have a remarkable community in #TeamCrypto & we want your input every step of the way for the @paymentsrace! Our runner @maxmeilleur can only use crypto to get from NYC – Vegas. Which #crypto should his first purchase be in?”

Though the poll is open for 3 more days, XRP is already at the very front. To which Max Meilleur commented in part, “Over 75% of votes in favor of XRP! Is that the sign of a strong community?”

However, the topic of XRP being a security or not could keep the investors at bay, but recently, Ripple’s chief market strategist, Cory Johnson stated in an interview about SEC’s stance on XRP,

“I think the question I get all the time is ‘When is the SEC going to say something about XRP?’ And I think it’s possible the answer is never. I don’t know that the SEC wants to be in a position to have to comment on every single cryptocurrency or digital asset created and issue a ruling about it.”

Moreover, he shared that Ripple has talked XRP with the Trump administration and “There’s clearly a lot of homework going on.” He added:

“But we’re in regular talks throughout Washington, and we meet with regulators as well as politicians. We’ve got a whole team that’s devoted to doing that, not just in the US, but worldwide. Our regulatory team, they jump on planes like their pants are on fire.”

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