Ripple’s XRP token is among the top cryptocurrencies currently traded on the market. The asset is commonly selected by users for international money transfers. XRP has been experiencing a notable increase in price recently, in line with the current trend in the market. The asset has seen increases of 22.28% on a daily basis, 22.28% on a weekly basis, and 2300% over the past 14 days. Additionally, the asset has increased by almost 43% since February 2023, according to CoinGecko. Read this: By investing $1,000 in XRP, you could potentially become a millionaire. Let us explain how. The prevailing market mood is probably influenced by Bitcoin (BTC) reaching the $52k level again, which was last observed in February 2024. BTC started to increase in value following an increase in investments in spot BTC ETF products. While XRP has not seen significant movement recently, which could be attributed to Ripple’s legal battle with the US SEC.