XRP price touched $0.89 on Monday after the digital currency jumped approximately 45% in the last 24 hours. XRP has now reached its highest level since May 2018. The price of the cryptocurrency received a push after Ripple acquired a 40% stake in Tranglo, which is one of Asia's largest cross-border payment firms.
According to the latest data published by Coinmarketcap, XRP is the 7th largest cryptocurrency in the world. The digital asset has a market cap of nearly $33 billion. XRP is now more valuable than Uniswap, Chainlink and Litecoin.