Ripple’s XRP, the third-largest cryptocurrency by market value has suddenly jumped this morning, boosting bitcoin, ethereum, and bitcoin cash.
Ripple’s XRP is up by some 10% over the last 24-hour trading period, with bitcoin seeing minor gains after a sell-off over the weekend, according to the latest prices from U.S.-based bitcoin and cryptocurrency exchange Coinbase.
“Bitcoin continued to test recent support levels over the weekend but as of this morning, the entire crypto market seems to be making a positive push,” eToro senior market analyst Mati Greenspan wrote in a note to clients this morning.
“Here we can see that XRP, IOTA, and TRX are outpacing the rest of the markets on percentage gain today. All three of which seem to have seen significant technical progress recently.”
It’s thought Ripple’s upcoming Swell Conference, scheduled for early November in Singapore, could be behind the rally higher.