Ripple Aiming High the Last Few Weeks of 2017

ejaycruz7 (28)in #cryptocurrency • 6 years ago (edited)

At the time of writing this post, the top market cap coins are as RED as Sriracha sauce. For those with XRP ownership however, they must be rubbing their hands together with a big smile on their face.

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Ripple's XRP token has surpassed Bitcoin Cash by market capacity in the past few hours, surging 28% to an all-time peak of $1.38. This month alone, it has jumped nearly 475% from $0.24 at the beginning of December to a record $1.38 a couple of hours ago, according to Coinmarketcap. Around $3.6 billion have been traded in Ripple in the past 24 hours alone.

So whats the cause of this bullish momentum despite the skepticism of Ripple being involved with traditional banking institutions?

The biggest headlines consisted of:
-News that over 60 banks in Japan and South Korea would be using the Ripple blockchain to test inter-bank transfers.
-XRP is rumored to be listed on Coinbase when it opens the platform to new altcoins at the beginning of 2018.

Whatever it is, XRP holders are optimistic for a great new year. I know I am!

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