XRP on the Verge of Breaking it’s All Time High, Daily Transaction Reached $1.6 Million

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

  • Ripple’s token XRP on the verge of breaking its all-time high in terms of the number of transactions.
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  • XRP Hit All-time High of 1.70 Million transactions in January 2018
  • The Number of Transaction recorded on Monday was 1.6 Million, which is very close to All-time high and is likely to break it’s all-time high soon.

The transactions of the Ripple’s token XRP is crossing all the levels and reaching to the point of an all-time high. As per the BitInfoCharts, a crypto data recorder, the number transactions of the XRP has achieved 1.6 million this Monday. The all-time high number of XRP transactions is 1.70 million and the 1.63 million is very close value to the all-time high.

The All-time high value of the number of transactions of XRP was achieved in January 2018. At that time the cryptocurrency market was also experiencing the parabolic bull movement in the values of the currencies. Many of these transactions are IOUs that sent over the records and it displays on the explorer of XRP from the XRPL.org.

The XRP ledger includes a decentralized exchange that is built-in with an IOU system and it is planned to provide users with a path to electronically trade any type of currency. The rumours in the airs on the Reddit said that Ripple or any other firm is providing this new feature of IOU transfer a pilot test. These rumours started by the Reddit users after the IOU transfers.

The number of transactions of XRP is huge and it looks like that over half of the total transactions of the virtual currency in the previous 24-hours. Bitcoin is on the first position, Ethereum is on second and the XRP is holding the third position on numbers of the transaction of BitInfoCharts.

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