Press Release

Grand News Network | November 6, 2023

Why Is XRP Rallying 8% Today?

Ripple’s native token, XRP (CRYPTO: XRP), has experienced a surge of 8% today, surpassing the performance of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in the last 24 hours.

What Happened: As of the time of writing, XRP was trading at $0.67, while both Bitcoin and Ethereum recorded slight declines of 1.06% and 0.73% respectively during the same period.

This surge coincides with Ripple’s collaboration with the National Bank of Georgia, as they join forces to explore the potential use cases of a central bank digital currency (CBDC) within the country.

In a statement, Ripple expressed their belief that by leveraging the Ripple CBDC Platform. "By harnessing the power of ...

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