Ripple displaced Ethereum from second place in the cryptomarket, registering a market capitalization of over $100 billion dollars and the cryptocurrency, the XRP, has experienced an upward trend this week, registering a maximum value of $2.84, which translates into an increase of just over 90% over the past 24 hours.

At the time of writing, its value was $2.11 In the last 24 hours it has mobilized more than $10 billion in exchange houses, allowing it to reach a capitalization market of more than $100 billion dollars according to CoinMarketCap.

Transactions are being executed mostly by bureaux de change such as Bithumb, with more than 26% of the volume, followed by Binance with 14% and Bitfinex with just over 12%. They are managing the XRP exchange rate against the Korean won by more than 37%, followed by 40% bitcoin and a little more than 7% against the US dollar, according to CoinGecko.

These upward movements continue to be driven, mainly in South Korea, by recent news of alliances with Asian banks. In these alliances the Asian banks have agreed to use the Ripple Net platform, more than their cryptoactive XRP. The advertisements do not state whether they intend to use this cryptoactive, but some banking institutions have stated that they intend to use it for interbank and international remittances if the tests with Ripple Net are successful.

The XRP comes to be one of the cryptoactives that generated more profits this 2017 with more than a 400% increase registered with respect to its value at the beginning of the year. Let us remember that on January 1 of this year the XRP was quoted at less than one cent.

This 2017 has been a year of giant strides for Ripple, associating more than 100 companies to its network, including American Express. They also teamed up with the Gates Foundation to develop a financial option for the disenfranchised. They also complied with the blockade of more than 55 billion XRPs that they had promised at the beginning of the year to build confidence in their investors, who will not have the cryptocurrencies to manipulate the price. With all the alliances it has forged this year, it seems that Ripple has managed to show the value of its network to its target customers, the banks.