It’s not just Bitcoin: Altcoin XRP’s price is also rising. Here’s a possible reason why

Earlier today, Bitcoin hit an all-time high of over $118,000 per token, giving many crypto investors hope that the digital coin king may soon surpass the psychologically important barrier of $120,000.

But Bitcoin isn’t the only cryptocurrency significantly on the rise today. The altcoin XRP is also up today—more than 13% over the past 24 hours as of the time of this writing. Here’s a possible reason why.

What is XRP?

In the world of cryptocurrency, you have one king, Bitcoin.