Ripple Price Tests All-Time Highs
The ripple price leaped more than 15 percent on Wednesday in response to news that SBI Ripple Asia had entered into a partnership with several major Japanese credit card issuers.
Ripple Price Leaps 15 Percent.
The cryptocurrency markets made a general advance on Wednesday, but no top-tier coin rose at a quicker pace than ripple. The ripple price swelled more than 15 percent, rising as high as $1.18 on Bitfinex before tapering to a present value of $1.13. Buttressed by large premiums on Asian exchanges, the global average ripple price surged as high as $1.29, bringing it within a few cents of the all-time high it set during a brief spike last week.
Even more astonishing is the fact that — even after last week’s comprehensive market correction — the ripple price is up 68 percent for the week, while no other top 10 cryptocurrency has managed to rally more than two percent during the same period.
More than 43 percent of all XRP volume is located on South Korean exchanges, and Bithumb alone accounts for $605 million worth of daily XRP trades. The Korean exchanges currently price XRP at $1.46, representing an approximate premium of 30 percent over its value on Western exchanges.
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