At the time of this writing, Ripple’s total market capitalization has rebounded to just over $470 billion after major corrections in January and February.. In the last 24 hours, none of the top 50 cryptocurrencies have performed as well as Ripple (XRP) – but what is the reason behind it?
RIPPLE INCREASES
Last 24 Within hours, the value of Ripple (XRP) rose by 20% from $0.90 to $1.08 abruptly.
This is certainly promising news for Ripple holders, most of these people are $0.58′ It has been waiting for positive price action since XRP hit $3.83 on Jan. 4 before dropping to .
SO WHY NOW?
Ripple’s spike in price has been positive for the past few weeks.
RippleNet, which provides real-time messaging, clearing and financial transactions leveling, is the largest private sector bank in Brazil and the largest bank in Latin America in terms of market capitalization Itaú I am the main money transfer provider of Unibanco, IndusInd, one of the leading private sector banks in India, and Singapore. It caught the attention of nstaReM.
Crypto Experts’ Ripple Price Predictions for 2018
In mid-February, Saudi Arabia’s central bank, Ripple, and blockchain software in the oil-rich country signed a contract with banks that provides instant cross-border payments to banks. At the same time, payments giant Western Union began testing Ripple technology with xRapid, which “enables the flow of XRP payments.” Just a few days ago, Ripple also signed an agreement with the United Arab Emirates exchange that wants to use blockchain technology for payments.. In the words of Promoth Manghat, CEO of UAE Stock Exchange:
“The ability to integrate Ripple’s blockchain technology into our own payment system will mean an unprecedented, new experience for our users.. The sooner we enter the adaptation process of this game-changing technology, the luckier we will be in the long run, as this system means entering a new era for international payments.”
After this long-standing positive news, Ripple It was also an expected development to have an impact on the price, but why this increase is happening now continues to create a question mark in the minds.. Because the Ripple trading volume on Binance suddenly reached its usual levels.. The rhetoric in Telegram is that the reason for this increase is related to CoinBase rumors, which are constantly on the agenda but never materialized.
What do you think? What do you think could be the reason for this sudden increase in Ripple’s price? Don’t forget to add your comments in the comment box!
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