Ripple skyrockets to make biggest gains

Ripple (XRP),ranked as the third largest cryptocurrency on CoinMarketCap has skyrocketed past other coins to post a striking 42.14% percentage gain on the day to trade at $0.46 at the time of writing, according to Coin 360.

Ripple’s major upswing started on 18th September 18, and after a couple of days of consolidation, XRP has seen yet another major uptick today.

This bullish trend for XRP follows Ripple’s announcement that the firm has been making major strides toward the launch of its real-time payment settlement solution xRapid, which could be set to launch “within a month or so.”

This announcement was further helped by yesterday’s statement from PNC, which is ranked among the top ten U.S. banks, in which it revealed it will be using RippleNet to process international payments for its customers. It is not the only bank interested in using Ripple’s platform; Santander already uses Ripple tech on its blockchain-powered foreign exchange platform that is currently live in four different countries — Spain, the UK, Brazil and Poland.

XRP’s standout 24-hour appreciation makes it the best performer out of the world’s 50 largest cryptocurrencies by market capitalisation, according to data from CoinMarketCap.