Why Ripple (XRP) Is Up Over 28% Today

Ripple (XRP) XRP/USD price saw a steep price increase over the past 24-hours, as exchanges move great quantities of the coin.

What Happened: According to CoinMarketCap data, XRP reached a price of nearly $1.76, registering a 27.90% growth from its 24-hours low of $1.33.

The upward price movement follows reports by a crypto transaction tracking service Whale Alert about multiple large transfers of the coin. In total, asset exchanges transferred 131.2 million XRP, equivalent to about $215 million.

XRP is on a streak after seeing a 39% surge this weekend after another major win by Ripple's legal team.

See also: How to Buy Ripple (XRP)

All of this growth is playing in the background of the world's top crypto asset, Bitcoin BTC/USD, reaching a new all-time high price of over $63,000 earlier today, spurring great enthusiasm among crypto investors.

This newfound bullish sentiment is largely attributed of the upcoming Coinbase IPO.

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