The cryptocurrency market is at present experiencing massive growth with Bitcoin trading around $11,150 earlier in the day, before falling a bit to $10,400 region, and afterward surged back to $10,900.
As the price of Bitcoin drops, Ripple’s XRP is not slowing down at all. The digital currency has seen a price growth of 10 percent in the last 24 hours. Ripple’s XRP touched $0.5 today, before returning to $0.4856.
Considering the pace at which the price is surging higher and higher, there is clear indication XRP will go beyond $0.5 sooner than expected as many predict $0.6 value in the next few hours.
At the time of writing, XRP is trading around $0.4856 with 10 percent growth. As renewed excitement in the cryptocurrency space thickens, Ripple’s XRP is becoming the cynosure of all eyes.
The present market situation just started favouring XRP. This is exactly history repeating itself in a finer manner.
Towards the end of 2017 and early 2018 where Bitcoin saw its all-time high, Ripple’s XRP jumped and was referenced as the highest gainer during the period.
For HODLers of XRP at that moment, it is really a period worth remembering. XRP saw around 25,000 percent price increase, touching $5 in a very short time.
Now, XRP is gaining momentum, just like the previous bull run. The digital currency is heading towards $0.5 again and may move past the point with its potential.
This week, Ripple invested in MoneyGram, in a deal said to be historical for the whole crypto space.
The investment will make MoneyGram explore Ripple’s xRapid, a solution dependent on XRP. When the investment fully begins to function, there is no doubt that there will be more people making use of XRP across the globe since MoneyGram services over 150 countries.
With MoneyGram, XRP has the opportunity to receive more adoptions from other remittance firms.