Investing.com - Ripple's recent surge continues,
The cryptocurrency broke the $2.50 level Wednesday, another new all-time high.
Ripple's currency, the XRP, is up more than 100-percent in the last week alone..
The XRP has gained some 39,000 percent in value over the past year, dwarfing gains by Bitcoin and other top cryptocurrencies.
It also recently overtook Ethereum as the second highest market cap among digital currencies. On Wednesday, Ripple hit $106 billion, according to CoinMarketCap.com.
Analysts say Ripple is attracting attention because its blockchain technology is being looked at for use in cross-border payment systems among financial institutions.
In particular, it is working with American Express (NYSE:AXP) and Banco Santander (MC:SAN), as well as Japanese credit card companies.