Cryptocurrencies have staged a cautious recovery in recent sessions, but these digital currencies are not out of the woods yet. Shiba Inu (CRYPTO: SHIB), which bounced back nicely in a recent reversal, could get a lift in the near term from a positive catalyst.
Over the past 24 hours, XRP's (CRYPTO: XRP) price rose 8.7% to $0.84. This continues its positive trend over the past week where it has experienced a 38.0% gain, moving from $0.62 to its current price. As it stands right now, the coin's all-time high is $3.40.
XRP (CRYPTO: XRP) traded nearly 20% higher early Tuesday thanks to positive sentiment surrounding a court case involving Ripple Inc, the company associated with the token.
Cryptocurrencies are having a hell of a ride these days, with Bitcoin (CRYPTO: BTC) dipping again after the Federal Reserve is set to raise interest rates in March.