Crypto market update: XRP goes to the moon, Bitcoin lags behind

XRP, the third largest cryptocurrency also often referred to as Ripple, gained as much as 40% in recent 24 hours amid growing optimism that banks and financial institutions within RippleNet will use it as a means of exchange along with Ripple's xRapid solution. XRP/USD is changing hands at $0.4530 at the time of writing; the coin's trading volumes nearly quadrupled in a day to $1.5B.

Meanwhile, Bitcoin is in no hurry to follow Ripple's lead. The digital currency No. 1 has gained 2.3% on a daily basis to trade at $6,535 at the time of writing. The coin has been sitting in a narrow range capped by $6,500 for several days; thus a confirmed breakthrough might create a bullish impulse here.

Ethereum has recovered to $222 by press time dragged higher by the general positive momentum of altcoins. ETH/USD is 6.6% higher on a daily basis, though the excitement may be fading away unless Ethereum gets fresh catalysts for a sustainable recovery.

Stellar (XLM) and Cardano (ADA) are also starring today with over 15% growth on a day-to-day basis. EOS gained 9%, Litecoin and Bitcoin Cash are 5.5% and 6.7% higher respectively.