While most of the crypto markets have experienced a massive price rally, with Bitcoin only lagging slightly behind following its weekend leap, XRP has been one of the highest gainers on the day.
After struggling to find positive price movement throughout the start of the year, following last year’s plummet from an all time high of $3.80, the price of XRP has made a bullish turnaround. Earlier in the year, the coin was added to popular U.S-based exchange Coinbase after being tied to the organization for close to a year. The subsequent price movement was lackluster, leaving investors to question whether XRP was destined for an even lower price valuation.
In February, J.P. Morgan Chase dropped a bombshell announcement concerning the development of the JPMCoin. Despite years of negative comments towards Bitcoin by CEO Jamie Dimon, J.P. Morgan became one of the first major financial institutions to make a foray into cryptocurrency. Pundits immediately began connecting the…
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