The price of the Ripple XRP token exceeded $ 3 today, breaking its last milestone and reaching a fresh level of all time.
XRP had risen to as much as $ 3.02 at the time of reporting, according to CoinMarketCap.
Upon reaching this price, the digital token had increased more than 1,000% in the last month. the analysts of
They pointed to factors such as sustained momentum and recent announcements as helping to fuel the currency's recent gains.
[ed Note: investing in cryptocoins or tokens is highly speculative and the market is largely deregulated. Anyone who considers it must be prepared to lose all their investment.]
Sharp Momentum
The price of XRP has been pushing higher as the digital currency benefits from sustained momentum, analysts said.
The cryptocurrency has "wind in its sails," said Charles Hayter, co-founder and CEO of the CryptoCompare data platform.
As the price of XRP rises, this development attracts new buyers, which in turn perpetuates the profit cycle, he said.
"Ripple is undoubtedly benefiting from the current bullish sentiment in the cryptography market," said Mati Greenspan, senior market analyst for eToro social trading platform.
however, he emphasized that this is only part of the reason why the price of Ripple has been increasing.
"In the last two weeks, every client I talk to wants to talk about Ripple," Greenspan said.
Source : https: //www.forbes.com/sites/cbovaird/2018/01/03/ripple-climbs-past-3-hits-all-new-high/#2c749a407c0b