On Thursday, the price of these waves increased 32 percent, as South Korean traders continued the greedy demand for XRP.
The cost of the wave is another 32 percent.
The wave had climbed more than 70 percent on Wednesday, primarily due to the news that a group of South Korea and Japan's major banks are running tests using Republique Blockchain. The increase continued on Thursday and for the first time the price of the wave increased by $ 0.60 to $ 0.60.
As was the case on Wednesday, the trade volume was heavily focused on the South Korean exchanges. This Bithumb also discussed prominently in comparison to the XRP / KRW volume of $ 1 billion and Korean exchange Coinone and Corbitt.
source
This is because in South Korea, investment opportunities spread rapidly through social media channels through word of mouth more prominently. These investors are scared of missing on opportunity (phamo), the price is increasing rapidly.
contributing factors'
This Thursday's rally is likely related to the announcement of banking testing recently, as well as two other contributing factors. According to the CCN report, the trial will continue till the month of December, and, if the pilot succeeds, the cross-border payment between Japan and South Korea will start in late January.
Apart from this, though, the retail investors are still relatively unaware of the wave because new investors have educated themselves about the crypticuricity markets. The wave's CEO Brad Garling House said on Twitter yesterday, "XRP" was the eighth most popular Google search term on Wednesday, ranking right below the Football Powerhouse Real Madrid.
source https://www.cryptocoinsnews.com/ripple-price-leaps-another-32-as-fomo-sets-in/