For the first time in its history, the Ripple has surpassed the symbolic dollar mark this Thursday, December 21, 2017. According to CoinMarketCap, the XRP trade at $ 1.09, following a crazy increase of 41.57% in recent 24 hours. Pump temporary or real step overcome: anyway, it is a historic step for the fourth cryptocurrency in terms of market cap.
This sudden surge in XRP for a week is due to a succession of good news for the Ripple banking system, the interest of investors for altcoins and of course the decline of bitcoin on the markets in recent days.
In late November, the company behind Ripple announced that Standard Chartered and Axis Bank were launching a new payment platform based on their technology. A week earlier, American Express had reported using Ripple's network to connect Santander's customers in Europe and the United States.
"Today's price gains seem to be largely driven by markets, particularly in Asia," says CoinDesk in an article. For example, the XRP saw trading volumes increase by almost 25% in the last 24 hours at Bithumb, while Bitfinex, based in Hong Kong, saw its volumes increase by more than 10%.
This past week, as we write these lines, the Ripple has increased by over 70%. Its market capitalization is currently $ 41 billion, which is also a new historical record.