![\"XRP](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/xrp-price-climbed-123-in-30-days-spark-airdrop-pushes-value-higher-768x432.jpg\")
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During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP<\/a>, has jumped significantly in value over the last seven days. The distributed ledger token XRP<\/a> climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well.<\/strong><\/p>\n At the time of publication, XRP<\/a> is currently swapping for $0.677 per coin as it gained more than 25% during the early morning (ET) trading sessions on Tuesday. The coin holds the third-largest market valuation today with a current liquid market cap at around $22.55 billion.<\/p>\n The market cap gives the XRP<\/a> token a 4.02% dominance index rating out of the value from all the crypto assets in existence today ($563.91B). The XRP<\/a> token price has more than quadrupled during the course of the year.<\/p>\n There is currently a supply of 45,348,221,180 XRP<\/a> in circulation today and there\u2019s been around $11 billion in reported XRP<\/a> trade volume during the last 24 hours.<\/p>\n One of the primary reasons for XRP<\/a>\u2019s current spike stems from the project the Flare Network, which plans to airdrop tokens to XRP<\/a> owners. This means more than 45 billion \u201cspark\u201d tokens will be given to XRP<\/a> holders who are holding anytime before December 12, 2020.<\/p>\n XRP<\/a> is seeing a majority of trades on Binance, Upbit, Huobi Global, and Coinbase Pro. XRP<\/a> still has a ways to go to catch up to the digital asset\u2019s all-time high recorded on January 3, 2018, at $3.30 per XRP<\/a>. Many bitcoiners and cryptocurrency advocates dislike XRP<\/a> and consider the project a very centralized operation no different than traditional databases.<\/p>\n Despite this criticism, XRP<\/a> fans think the token will continue to rise because the project is bank-friendly and claims to be working with over 350 financial institutions. Unlike bitcoin (BTC<\/a>), the distributed ledger\u2019s consensus is managed by XRP<\/a>\u2019s independent servers.<\/p>\n On November 23, XRP<\/a> settled over 981,000 transactions in 24 hours which is well above (180% larger) BTC<\/a>\u2019s 350,000 average transactions per day. While confirmation times for BTC<\/a> can be over 10 minutes or hours depending on the mempool backlog, XRP<\/a> transactions settle in five seconds.<\/p>\n Even though a few of these benefits are appealing to some users, bitcoiners detest XRP<\/a> for creating 100 billion tokens at launch. Lots of crypto advocates think XRP<\/a> goes against the very nature of decentralized cryptocurrencies and many users won\u2019t go near the token.<\/p>\n Meanwhile, the fork of XRP<\/a>, stellar XLM<\/a> has also seen massive gains this week as well climbing 54% in value during the last 24 hours. XLM<\/a> which was created by one of XRP<\/a>\u2019s cofounders Jed McCaleb has spiked over 93% this week, and 103% during the last 30 days.<\/p>\n What do you think about XRP<\/a> climbing the cryptocurrency charts and gaining value against the USD? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n The post XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher<\/a> appeared first on Bitcoin News<\/a>.<\/p>\n![\"XRP](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/xrpvalue.jpg\" "\\"XRP")