The price of Ripple overcame the mark of $ 3.6 and continues to grow faster than market rates. This is happening on the wave of Ripple popularity among users from Japan and South Korea, after reports on the implementation by banks of the two countries of the project of cross-border payments based on RippleNet. And also against the background of the general growth of popularity of altcoyins among investors.
In December, Ripple was added to the Bloomberg Terminal system, together with Ethereum and Litecoin. Also last month, Zoe Cruz, former co-president of Morgan Stanley, joined the board of directors of the startup Ripple.
Obligations that banks use for their work is not the XRP token itself, there it just is not needed. So there is no direct dependence here, at the moment the price is pushed more by the excitement of people who believe that the token will be redeemed by banks or something like that. So do not lose your head with this coin.