The ripple price received a 13 percent bump after the fintech startup revealed that it had put its 55 billion XRP tokens into escrow.

Ripple Price Rallies 13 Percent

The ripple price had spent the majority of the week in decline, falling from $0.254 on December 1 to $0.222 this morning. However, shortly before 1:00 UTC, the ripple price shot up as high as $0.272 before leveling off to a present value of $0.250 — a 12-hour gain of nearly 13 percent.