Hello Friends...
One of the questions comes in the mind of XRP holders is that will the price of Ripple increases or not????
Today I'm giving the answer to this question...
From a past few days in the cryptocurrency market one of the currency RIPPLE leading a widespread comeback in its price.You can also see this in the chart given below....
Advancement in the price of RIPPLE:
The XRP/USD trading pair on friday jumped more than 16% rising from 0.29065 fiat to 0.32853 fiat. The ascending line curve adds upto 37%increase since the pair established its bottom at 0.24711.The market cap of XRP now becomes of $13 billion.I think this is beacause of the announcement of one of the Ripple Lab's that announced a new program
X-rapid,the cross border banking solution.The company opted three most reliable exchanges as their partners-- Bittrex(USA),Bitso(Mexico) and Coin.ph(Phillipines) based on their high XRP holdings.Therefore Banks that are associated with Ripple labs can now open an account at the exchanges listed above and trade easily in the local fiat for XRP which later can be used to facillitate cross border transactions.Once the XRP funds move , say from US to Mexico, the recipient will be able to convert the crypto to Mexican Peso using the Bits exchanges.
This announcement surely triggered a positive impact on the price of XRP which can be ascend in the near future and who knows may be it goes up to $10 at the end of 2018.
Bitcoin,Ethereum price rallies weaker than RIPPLE:
On the other hand if we talk about the worldwide most popular cryptocurrencies Bitcoin and Ethereum found their uptrend capped by strong resistance levels. The BTC/USD rose nearly 3% and Ethereum on other side leveled up slightly better with 5% gain. Only EOS could match upto XRP level by surging 12% . Bitcoin is stuck between a narrow range of $6500 level , failing to extend its upside trend like RIPPLE. May be after the ETF approval we can see the upside trend in the price of Bitcoin but for now it is most likely to be stable.
The Ethereum uptrend is weak if we consider that it is the most discussed asset during the latest crypto selloff. The ETH/USD is also trying to break the resistance level at $300 like Bitcoin.
Here is the one cryptocurrency that is EOS which has extended its level and is now move to a level of $5.3 as its interim resistance level while holding its bottom level at $4.18 the interim support.
Other coins like litecoin, bitcoin cash shows a slight single digit surge in past few days.But XRP shows a miraculous uptrend in its price.
Who knows what happens in the future but it is the good news for all XRP holders. Hold it till the price increases and you can make a great profit out of it..
Now friends tell me what is your opinion. Will the price of RIPPLE reach upto a level of $10 or not?????