• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Here’s why all eyes are on XRP
Here's why all eyes are on XRP

Here’s why all eyes are on XRP

August 15, 2021 by Chayanika Deka

Even as other cryptocurrencies cooled off, XRP continued to slowly inch towards its yearly highs. It rallied by 12% over the past 24 hours, which catapulted its weekly gains to a whopping 60%.

The crypto-asset has performed significantly well this month despite Ripple being embattled by the lawsuit from the Securities and Exchange Commission [SEC]. As a matter of fact, the blockchain company forged important deals including its partnership with South Korean GME Remittance to join the former’s payment network RippleNet.

This came just a month after Japan’s money-transfer provider SBI Remit joined hands with mobile payments service Coins.ph and digital asset exchange platform SBI VC Trade to conduct remittance payments from Japan to the Philippines using Ripple’s on-demand liquidity [ODL] service.

The latest string developments have helped XRP to stay afloat $1. To top that, the rally that followed can be described as a sigh of relief to the investors as the altcoin increased from a modest $0.5.

XRP
Here's why all eyes are on XRP 4

XRP’s Development Activity

Well, for one XRP’s price recovery was backed by a solid rise in development activity. This was according to the crypto-analytic platform, Santiment, which noted that the XRP network was closing in on a higher daily GitHub development rate than Bitcoin, an activity that has rarely occurred. Decoupling from Bitcoin has been one of the major drivers for the crypto-assets price action of late.

In addition to that, it was not just the development activity on the digital asset’s network that was approaching new all-time high levels at the time of writing. Its daily active addresses too followed a strong uptrend coupled with high trade volumes and soaring prices.

Santiment’s tweet regarding the same read,

“XRP has pumped to $1.189 today for an impressive 3-month high. Before it decoupled from the crypto pack, we saw hints of development activity skyrocketing. XRP’s team is now submitting the highest github activity rate in the asset’s history.”

1 1
Here's why all eyes are on XRP 5

Filed Under: Altcoin News, News Tagged With: RippleNet, xrp

Primary Sidebar

Recent Posts

  • JPMorgan Begins Utilizing Blockchain for Collateral Settlements May 27, 2022
  • MetaMask Joins Hands With Asset Reality to Assist in Recovering Stolen Crypto May 27, 2022
  • Bitcoin knowledge, the biggest flex May 27, 2022
  • Fakesters use LUNA 2.0 airdrops to target users May 27, 2022
  • Tether-ing in Mexico May 27, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.