4 Main Reasons XRP Exploded 30%
At the time of publishing, bitcoin continues to hold above the $8000 mark, and altcoins to do well, especially certain tokens, which have been outperforming others wide by a margin – and Ripple is one of these.
XRP has grown by 15% or so in the past week and with all of the positive news that’s been surrounding, further growth would not be unsurprising.
While Ripple’s solid partnerships, ecosystem expansion, and effective marketing campaigns have no doubt played a large part in its the XRP’s token growth, there are several recent developments that could also be contributors to this surge.
Coinbase has now made it possible for residents of New York to store and trade XRP, and German stock exchange Boerse Stuttgart has announced that its customers can now buy Exchange Traded Notes based on Litecoin (LTC) and XRP.
Furthermore, Ripple recently became a founding member of the International Association of Trusted Blockchain Applications (INATBA), and several financial institutions around the world are taking to Ripple’s cross-border payments solution – including launching several pilot programs that proven Ripple’s effectiveness.
As investors hope that the market will continue to extend its bull run, Ripple will definitely be one of the coins to watch out for.