Is XRP’s Bottom In? Ripple Explodes 20% From $1.96 Lows

TL:DR;

• The entire cryptocurrency market went through a massive crash in the past few days, but Ripple’s cross-border token was among the poorest performers.
• Since then, though, XRP has gained roughly 20%, leading to the question of whether it has found its bottom.

XRP Bounces Off

The developments at the start of the business week couldn’t really foresee what would transpire just a few days later. On Monday, Ripple announced that its long-awaited stablecoin will finally see the light of day on the next day (December 17) after it was greenlighted by the NYDFS.