Ripple (available on Binance) (XRP) just passed Ethereum (available on Coinbase) (ETH) this morning to take the second-largest cryptocurrency spot. Except, a few hours later Ethereum (available on Coinbase) enthusiasts shot back and Ethereum (available on Coinbase) re-gained its #2 spot.

Ripple (available on Binance) (XRP) Comeback

XRP is among the group of worst performing cryptocurrencies this year, but it seems to be making a comeback. In the summer, it was down more than 90 percent from its high in January.

XRP and Ripple (available on Binance) are often confused, and people intertwine them. Ripple (available on Binance) Labs is a fintech company that focuses specifically on global payments and hold the majority of XRP. XRP is a cryptocurrency, independent of the company, that is used on Ripple (available on Binance)’s platforms.

Recently, Ripple (available on Binance) has made some big announcements regarding its products, and that has caused XRP to spike. On Monday, Sagar Sarbhai, head of regulatory relations for Asia-Pacific at Ripple (available on Binance), told CNBC that his company’s xRapid product should go live in the next month or so.

xRapid uses XRP as a bridge between currencies, which allows payment providers to process faster cross-border transactions.

“People are definitely buying the news,” Joe DiPasquale, CEO of BitBull, told CNBC. “This is another case of Ripple (available on Binance) showing its dominance in real world relationships with financial companies, and yet another spike in XRP’s price because of it.”