XRP Shot Up 75% During Friday's Bullish Trading Session

The price of XRP spiked as high as 75 percent above its opening price at one point during Friday's trading session amidst a broader market bull parade.

At roughly 14:45 UTC, the price of XRP rose to a peak of $0.77 - representing a 75 percent increase from its opening price of $0.45, according to CoinDesk's XRP Price Index (XPI).

For several hours, the surge in investor interest was enough for the cryptocurrency to briefly dethrone ether (ETH) as the world's second largest cryptocurrency by market capitalization. At the time, XRP's market capitalization was north of $23 billion,  its highest level since June 10th.

At press time, XRP has since cooled off to the price of roughly $0.54 and has returned to its former position as the world third largest cryptocurrency, per CoinMarketCap's rankings.